December 16th Futures Morning Report:Market Analysis:Key Phrase: “Macro policy trading ends, industry fundamentals trading begins”

• Market Outlook: This week, we foresee that the market’s decline is not proceeding smoothly due to sustained demand and a strengthening basis. Despite this, we maintain that the overall downward trend is intact, and short positions are likely to experience “volatility and torment” throughout the week. It is crucial to remain steadfast in our conviction and have the resolve to hold positions during these fluctuations.

• Commodity Resistance Levels: Upon a comprehensive review, the strong resistance levels for the commodities are identified as follows:

• Rebar: 3480

• Hot-rolled coil: 3650

• Iron ore: 830

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