Copper prices rebounded, unable to continue profiting

The daily copper chart of copper on the spot: After slightly rising yesterday, copper fell sharply and eventually settled on a large Yin line. This was mainly because the Chinese stock market plummeted in conjunction with the Greek referendum denying the bailout package. As a result, market panic rose and the VIX continued to rise above 17 at the moment. The commodity began to resonate and panic fell.

The fundamentals of the copper market continued to make profits, and many spot dealers reported that imports had come in. As a result, domestic copper prices rebounded. It is expected that continued inflows will continue to depress market sentiment and copper prices are not optimistic in the medium to long term. In operation, the remaining empty orders continue to hold, and the short-selling continues to sell. Any point entry approach, whether long or short, has the possibility of mistakes, do a good job of risk control, adjust the train of thought according to the specific trend of the market, we are cautious operation, for reference only.