Shanghai copper rose sharply and short-term bulls prevailed

Externally: Today's Asian London copper fell under pressure, cutting some of the overnight gains, of which the 3-month London copper fell 0.
55% to 4609 US dollars / ton, and the current London copper is still running in the recent low oscillation finishing range
.

Macro: Overnight, Federal Reserve Chair Janet Yellen testified in Congress that the future interest rate hike attitude will be cautious, the downward pressure on the US economy is greater, and the US dollar index oscillates and sorts, now trading around
93.
9.
In addition, the market is focused on the results of this Friday's referendum, which, according to the latest polls, is slightly better than Brexit
.

Market: Today's Shanghai electrolytic copper spot reported a premium of 80-120 yuan / ton, and the transaction price of flat water copper was 35940-35980 yuan / ton
.
The current copper premium is flat from yesterday, but there are ups and downs
in the session.
The supply of copper market is sufficient during the day, the market supply and demand are deadlocked, the overall activity of the market is average, and the transaction continues to be among
traders.
The supply is significantly larger than before, and it is difficult
to lift the copper premium in the future.

Today's Shanghai copper 1608 contract closed strongly at 36210 yuan / ton, breaking through the oscillating finishing platform in the past seven days, showing that short-term bulls prevail
.
However, before the results of the Brexit referendum were announced, copper prices with strong financial attributes were difficult to operate
.
It is recommended that the Shanghai copper 1608 contract can be sold high and low between 35500-36500 yuan, and the stop loss is 350 yuan / ton
each.