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Overnight, London copper rushed back down, sharply reducing intraday gains, of which 3-month London copper only slightly rose 0.
16% to 4705 US dollars / ton, down 0.
97% from the intraday high of 4751 US dollars / ton, the current London copper is still running at the intersection of moving averages, short-term oscillation range focus on 4600-4800 US dollars / ton
.
Last week, Luncopper's position increased and decreased, indicating that long and short trading is cautious
.
Industry news: Australian mining giant BHP Billiton said it spent $900 million, or 18 per cent of its capital budget, on exploration in the next fiscal year, while copper exploration will be concentrated in deposits in Chile, Peru, the United States, Canada and South Australia
.
Stocks: LME copper stocks were reported at 191,700 tonnes as of June 27, down 675 tonnes from yesterday and the 11th day in the past 12 trading days
.
Overnight London copper roller coaster trend wide volatility, downward support is still in place, continue to try to break through resistance in the short term, it is expected that today London copper running at $4680 / ton to 4730 US dollars / ton /
