Home / Metal News / Lead / [brief comment on lead in SMM period] most of the recent red turns are short sellers leaving the market at night in Shanghai or will continue the horizontal market.
[brief comment on lead in SMM period] most of the recent red turns are short sellers leaving the market at night in Shanghai or will continue the horizontal market.
Jun 5,2019 15:23CST
translation
Source:SMM
Shanghai lead close Xiaoyang line, the recent red is caused by short departure, there is no sign of long entry, so it is difficult to have sustained upward momentum, coupled with the 5, 10-day moving average trend flattened, it is expected that Shanghai lead may continue the horizontal market at night.
The content below was translated by Tencent automatically for reference.

SMM, June 5 / PRNewswire-Asianet /-

Within a day, the main 1907 contract for lead in Shanghai was opened at 16045 yuan per ton. At the beginning of the day, some short sellers made a profit and left the market, and the concussion of lead in Shanghai rose to about 16100 yuan per ton. How long left the market at a high risk, and the pressure on lead in Shanghai was as low as 15965 yuan per ton, followed by a line of 16010 yuan per ton. Finally, it closed at 16030 yuan per ton, up 95 yuan per ton, or 0.6 percent, and the position was reduced by 2684 hands to 49124 hands. Shanghai lead close Xiaoyang line, the recent red is caused by short departure, there is no sign of long entry, so it is difficult to have sustained upward momentum, coupled with the 5, 10-day moving average trend flattened, it is expected that Shanghai lead may continue the horizontal market at night.

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

 

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