[brief Review of SMM lead] the follow-up of Shanghai lead break pays attention to the effectiveness of 16500 level support

SMM, 23 Oct:

Within days, the Shanghai lead main contract 1912 opened at 16835 yuan / ton, early Shanghai lead short entry, Shanghai lead shock downward, directly break the 60-day moving average support, low down to 16650 yuan / ton, after the market selling pressure alleviated, Shanghai lead low shock operation, basic in the 16670 yuan first-line operation, finally reported in 16665 yuan / ton, down 155 yuan / ton, 0.92%, the position increased 9138 hands to 58000 hands. Shanghai lead break down, combined with fundamentals and technical aspects, Shanghai lead there is room to continue to explore, low first look at 16500 yuan support.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)