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Today's Shanghai copper rebounded and showed a trend of rushing back down, and the main 2108 contract of Shanghai copper closed at 68480 at the end of the day, up 240, or 0.
35%.
Affected by the strong US manufacturing PMI data for June overnight and the hawkish dispatch of the Federal Reserve, the copper market continued the previous day's rebound, and Shanghai copper hit the 70,000 mark in the morning and failed, and fell all the way back to the 68,000 first-line shock during the day, limiting most of the gains
.
At present, the fundamental situation of Shanghai copper consumption has not been confirmed, the Fed's interest rate hike cycle is basically settled, and the overall momentum of Shanghai copper is limited, but with the previous news landing short, there may be a slight rebound
under the bearish trend.
It is expected that Shanghai copper will maintain a high volatility pattern in the near future, pay attention to the first-line shock situation around 6.
7-69,000, and wait and see in operation, waiting for the opportunity
of high selling and low absorption.
