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[brief comment on lead in SMM period] the rising strength of lead in Shanghai may be exhausted at night or will test the psychological gate support of 15800 yuan / ton.
Jun 4,2019 15:45CST
translation
Source:SMM
Shanghai lead in the negative line, the upper EMA is a short arrangement and downward operation, Shanghai lead at night may test 15800 yuan / ton psychological gate support, if the psychological gate is broken, it will open the downward space.
The content below was translated by Tencent automatically for reference.

SMM, June 4 / PRNewswire-Asianet /-

During the day, the main 1907 contract for lead in Shanghai was opened at 15995 yuan / ton. At the beginning of the day, the lead in Shanghai was briefly consolidated along the daily average, and then the short positions continued to smash the game. The lead exploration in Shanghai was as low as 15860 yuan / ton, and the center of gravity moved down during the day. Some short sellers, fearing the psychological support level of 15800 yuan / ton, chose to make a profit and leave the market. Shanghai lead returned to 15935 yuan / ton concussion, near the close, short opening and long reduction, Shanghai lead concussion down again, and finally closed at 15870 yuan / ton, down 140 yuan / ton. It fell 0.87%, and its position was reduced by 312 hands to 51808. Shanghai lead in the negative line, the upper EMA is a short arrangement and downward operation, Shanghai lead at night may test 15800 yuan / ton psychological gate support, if the psychological gate is broken, it will open the downward space.

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

 

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