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铜:回调中继,以时间换空间

Copper: Pulling back in continuation, trading time for space.

Breakings ·  Oct 31 23:29

Although copper prices are expected to continue falling due to policy expectations, analysts believe that the next rebound space for copper prices is limited, with weak sustainability. This is due to insufficient intensity of expectations and lagging demand transmission after expectations are realized. From a trend perspective, if pessimism prevails or domestic stimulus policies are implemented, the gap-down in copper prices is likely to attract improved emotional demand, strengthen support for tight supply, and then be limited to previous lows, without being overly pessimistic about downside space. Overall, it is expected that copper prices will continue to accumulate downward pressure, but in the short term, they will continue to consolidate and trade optimistically (China Securities Co.,Ltd. Futures).

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