🔹 Market Overview
Today’s futures market is likely to see a moderate rebound driven by two supportive macro events. However, the upside is expected to be limited, and traders should remain focused on short-side opportunities.

🔸 Key Drivers

1️⃣ Monetary Policy Expectations
A joint financial policy press conference is scheduled for 9:00 AM today, raising speculation about potential easing measures such as a cut in the reserve requirement ratio (RRR) or interest rates. This could boost short-term sentiment across commodities.

2️⃣ Improved Trade Sentiment
Positive signals from resumed trade contact between China and the U.S. have eased market concerns over tariffs, supporting risk appetite in the short term.

🔹 Resistance Levels to Watch

  • Rebar Futures: resistance near 3230
  • Hot Rolled Coil: resistance near 3350
  • Iron Ore: resistance near 740

🔸 Trading Strategy

✔️ If holding existing short positions: consider reducing or closing some positions, and wait to re-enter on a price rebound.
✔️ If currently flat: look for opportunities to open short positions near resistance levels.
❌ Avoid opening long positions: the rebound is expected to be short-lived and uncertain in duration.

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