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[brief comment on lead in SMM stage] Shanghai lead reverse vertical line pays attention to 15800 yuan / ton psychological platform support at night
Jun 3,2019 15:24CST
translation
Source:SMM
Shanghai lead closed at the Dayang line, recovering some of its early losses, but it was still in the range of 15800 to 16300 yuan per ton. In addition, the 5-and 10-day moving average was flat, and before the macro and fundamental events did not exceed expectations, It is expected that Shanghai lead will still operate in the concussion range.
The content below was translated by Tencent automatically for reference.

SMM, June 3 / PRNewswire-Asianet /-

Within a day, the main 1907 contract for lead in Shanghai was opened at 16080 yuan / ton. At the beginning of the day, Shanghai lead ran along the 16050 yuan / ton line, hitting 16090 yuan / ton at one time. Near noon, the short position was re-applied, adding code to enter the field, and the concussion of lead in Shanghai reached 15920 yuan / ton. Finally, it closed at 15960 yuan / ton, down 15960 yuan / ton, down 0.62%, and the position was reduced by 282 hands to 52120 hands. The Shanghai lead newspaper drew up the upper shadow Xiaoyang line, and the 20-day moving average formed a strong suppression, resulting in the attempted rush of Shanghai lead. In addition, the lower 15800 yuan / ton platform is a very key psychological barrier at present. Once it falls, it will also open up the downward space. At night, we focus on whether the psychological platform can continue to play a supporting role.

(Guo Rong of Shanghai Color Network Tel: 021 51666879)

 

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