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[brief comment on lead in SMM] recent attention has been paid to the support of Shanghai lead 10,000 hurdles to support no-night trading before Dragon Boat Festival short holiday
Jun 6,2019 16:13CST
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 6 / PRNewswire-Asianet /-

Within a day, the main 1907 contract for lead in Shanghai was opened at 16010 yuan per tonne. At the beginning of the day, boosted by the strong trend of the external market, bulls showed signs of entering the market, prompting Shanghai lead to climb to 16145 yuan per ton at one time. After that, the lead in Shanghai was weak and fell back to 16080 yuan per ton. Finally, it closed at 16090 yuan per ton, up 75 yuan per ton, or 0.47 percent, and the position was reduced by 2852 hands to 46272 hands. Shanghai lead closed long foot Xiaoyin line, strong lead is still difficult to drive Shanghai lead out of the weak trend, indicating that Shanghai lead in the downstream consumption recovery, it is more difficult to get out of the trend upward market, but the support of the lower six levels still exists. In the near future, we will focus on the supporting role of Wanliu psychological barrier.

In addition, there is no night market before Dragon Boat Festival short holiday.

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

 

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