SMM7 16-month news: Shanghai tin main 1909 contract last night after the opening of 133260 yuan / ton, the beginning of the market quickly fell to the night low of 132100 yuan / ton after the rapid reverse pumping to the night high of 134500 yuan / ton, and then until the close, Shanghai tin all the way down concussion. After the opening of 132760 yuan / ton in early trading this morning, a large number of short positions in Shanghai tin all the way up more than 1500 yuan / ton, climbed to the intraday high of 135390 yuan / ton, then fell back slightly, and finally closed at 134890 yuan / ton, up 1670 yuan / ton, an increase of 1.25 per cent. The trading volume was 28646, an increase of 7966. The number of positions was 30844, a reduction of 1916. Today, Shanghai tin overall suppression and then rise, to close with the Changyang line, the physical part is located near the 5-10 EMA. It is estimated that the resistance above tin in Shanghai is near the previous high of 137500 yuan / ton.
"after the collapse of Shanghai and tin, the metal rose sharply and plummeted, and after the collapse, we need to study the fundamentals calmly.
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