[SMM Tin Morning] US dollar index closed negative and intraday tin gains rose slightly

Lunxi trend: on Friday, Lunxi electronic trading opened at $19765 per tonne, with a peak of $19980 per tonne and a minimum of $19715 per tonne, closing at $19910 per tonne, up $80 per tonne from Thursday. All-day trading was 270 hands; positions were 16850 hands, up 54 hands from last Thursday. Inventories of 930 tons were flat from Thursday.

After the Lunxi electronic disk opened at $19765 a tonne on Friday, there was little trading in the Asian trade. after the end of the Asian session and the opening of the European market, it fluctuated all the way up, reaching a high of as high as $19980 per tonne in the day. It ended at $19910 a tonne, on a positive line, and was suppressed by the five-day moving average above the physical part. The dollar index closed slightly negative on Friday, with Lunxi rallying, with support expected to be around $19500 a tonne below Lunxi and resistance above $20100 a tonne.

Shanghai tin trend: Friday night Shanghai tin main 1905 contract opened 146540 yuan / ton, the highest 147360 yuan / ton, the lowest 146540 yuan / ton, closed 147250 yuan / ton, up 770 yuan / ton. The transaction was 4828 hands, and the position was 33046 hands, down 554 hands.

After Shanghai tin opened late Friday night, all the way up, hitting as high as 147490 yuan / ton, and finally closed at 147250 yuan / ton. It is a positive line, and the upper pressure is on the 5-day moving average. On Friday night, Shanghai tin was driven by the outside market, rose, Shanghai tin is expected to support 146000 yuan / ton below, the upper resistance of 14800 yuan / ton.

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