SMM Brief Review - 2012/7/2 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/2 SHFE Lead Futures

SMM Insight 06:29:37PM Jul 02, 2012 Source:SMM

SHANGHAI, Jul. 2 (SMM) – On Monday, SHFE lead prices opened over RMB 100/mt higher at RMB 14,750/mt as market was boosted by the positive result of EU summit last Friday. SHFE lead prices later moved between RMB 14,725-14,785/mt with resistance at the 20-day moving average and support at the 10-day moving average, and finally closed at RMB 14,765/mt, up RMB 130/mt. Trading volumes were up 98 lots to 308 lots, while positions were down 86 lots to 1,899 lots.
 

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/7/2 SHFE Lead Futures

SMM Insight 06:29:37PM Jul 02, 2012 Source:SMM

SHANGHAI, Jul. 2 (SMM) – On Monday, SHFE lead prices opened over RMB 100/mt higher at RMB 14,750/mt as market was boosted by the positive result of EU summit last Friday. SHFE lead prices later moved between RMB 14,725-14,785/mt with resistance at the 20-day moving average and support at the 10-day moving average, and finally closed at RMB 14,765/mt, up RMB 130/mt. Trading volumes were up 98 lots to 308 lots, while positions were down 86 lots to 1,899 lots.
 

Key Words:  SHFE lead   lead price