SHFE Lead Fluctuated Downward Last Friday Night, Forming a Long Upper Shadow Doji Star [SMM Lead Morning News]

SMM, February 17:

Last Friday night, LME lead opened at $1,992.5/mt. During the Asian session, it consolidated around the intraday moving average. Entering the European session, it fluctuated downward after reaching a high of $2,002.5/mt, hitting a low of $1,972/mt, and finally closed at $1,982/mt, down $9.5/mt or 0.48%.

Last Friday night, the most-traded SHFE lead 2503 contract opened at 17,130 yuan/mt. At the beginning of the session, it dipped to 17,070 yuan/mt before rebounding upward to a high of 17,240 yuan/mt. Subsequently, it pulled back under pressure to consolidate near the intraday moving average, and finally closed at 17,135 yuan/mt, down 30 yuan/mt or 0.17%.