[SMM lead Morning News] the 10-day moving average of Shanghai lead supports the expected intraday high shock.

SMM, July 3rd:

Overnight, Lun lead opened at US $1778.5 per tonne. During the Asian session, Lun lead was under pressure to operate below the daily moving average. During the European period, Lun lead rebounded to a high of US $1790 / ton at one point, then fell back to a high and gave up its rise. it finally closed at 1772.5 US dollars / tonne, down 0.2 per cent. Lun lead around the high shock, below the 20-day moving average there is support, short-term is expected to be mainly strong shock.

Overnight, Shanghai lead opened at 14770 yuan / ton. At the beginning of trading, Shanghai lead fell rapidly, reaching 14650 yuan / ton at one time, then basically running at 14700 yuan / ton, and finally reported at 14730 yuan / ton, a drop of 0.64%. There is support for the 10-day moving average in Shanghai lead technology, which is expected to be dominated by high-level shocks.

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