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[brief comment on lead in SMM] the unexpected strength of lead in Shanghai is concerned about whether it can break through the 40-day moving average at night.
Jun 10,2019 16:47CST
translation
Source:SMM
Shanghai lead reported long foot Zhongyang line, the 5-day EMA turned upward, and with the 10-day EMA to form a golden fork, but the above 40-day EMA suppression still exists, pay attention to whether Shanghai lead can break through the suppression platform at night.
The content below was translated by Tencent automatically for reference.

SMM, June 10 / PRNewswire-Asianet /-

Within a day, the main 1907 contract for lead in Shanghai was opened at 16015 yuan / ton. At the beginning of the plate, Shanghai lead ran along the 16075 yuan / ton line, and later, stimulated by the news that more than 2,000 tons were affected by the maintenance of electrolytic lead refineries, some bulls tried to pull up the lead price. The lead price shock platform moved up to around 16195 yuan / ton, hitting 16275 yuan / ton during the period, and finally closed at 16220 yuan / ton, up 155yuan / ton, an increase of 0.96%, and the position was reduced by 16195 hands to 46078 hands. Shanghai lead reported long foot Zhongyang line, the 5-day EMA turned upward, and with the 10-day EMA to form a golden fork, but the above 40-day EMA suppression still exists, pay attention to whether Shanghai lead can break through the suppression platform at night.

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

 

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