December 16 Shanghai copper brief commentary

Overnight, the Fed's interest rate decision landed, and next year's interest rate hike is about to push the U.
S.
index up, suppressing copper prices once fell to the bottom below 68,000, the U.
S.
index converged some gains in early trading, and Shanghai copper followed to cover to near
the 68,000 previous support.
At present, the impact of news such as the Fed's interest rate hike has landed, and Shanghai copper will further return to fundamental guidance after the price release is completed in the short term, and the market pays attention to the supporting effect
of overseas inventories and supply pressure.

In terms of demand, although the power grid has a slight growth, but the power effect has not yet been reflected, perhaps copper demand or concentrated on green construction, the next year copper prices are likely to be positive, and in the near future, Shanghai copper maintained a weak shock mainly, pay attention to 6.
8-6.
85 within the stabilization situation, or there is a slight rebound to return to 69,000 possibility
.