On Wednesday, Lun Aluminum continued to rebound. After Lon Aluminum opened lower at 1731.5, the aluminum price once fell, and the price dropped to 1723. Immediately after buying, aluminum prices gradually rebounded, touching 1746.5 higher, closing at 1744, and rising by US$10 from Tuesday. . 78,209 contracts were traded throughout the day, an increase of 65,785 compared with Tuesday; the number of positions opened was 384,831 contracts, a decrease of 13,878 contracts compared to Tuesday; stocks were 54,1975 tons, a decrease of 2,375 tons compared with Tuesday. The London Metal Exchange (LME) base metal futures prices closed higher on Wednesday, and copper was boosted by the 1.5% rise on the bargain-hunting underpinnings. Nickel also rebounded despite the substantial increase in inventories. Three-month aluminum rose 10 US dollars to 1,744 US dollars. The US dollar weakened against the euro. A report released by the U.S. government earlier showed that the low expectations of core inflation in April made the FED less likely to raise interest rates. Traders said that the more optimistic economic outlook of the United States reflected by the Consumer Price Index (CPI) helps to improve the fundamentals of basic metals. According to the data, the Asian market in May consumer confidence index rose by 9.5% to 114.3, the previous value was 104.4 in April, after the release of the data, the impact on the Australian dollar is not significant; Japan's corporate bankruptcy rate in April fell 23.4% to 946, the former value -14.2%; European market news is lighter and can be concerned about 16:30 UK's unemployment rate before the value of 2.7%; North American market 20:30 US's actual income before the value of -0.3%; 20:30 US consumer prices in April The pre-index value is 0.6% and the expected value is 0.4%. The EUR/USD Asian market once again explored 1.2582 and then began to rebound steadily. In the hourly chart, there is a double-bottom pattern. Currently, the 1.2610 line is currently undergoing shock consolidation. It is expected that after finishing the consolidation, the price will rise and the target will be 1.2700. Operational recommendations: rebound to lighten up.
