Home / Metal News / Aluminium / [brief comment on SMM Phase Aluminum] Shanghai Aluminum main position changing month K Line ends in a reverse Baoyang Line
[brief comment on SMM Phase Aluminum] Shanghai Aluminum main position changing month K Line ends in a reverse Baoyang Line
Jun 11,2019 15:25CST
translation
Source:SMM
Shanghai aluminum main position change month day K line ends in a reverse package positive line
The content below was translated by Tencent automatically for reference.

SMM, June 11 / PRNewswire-Asianet /-

Today, the main company of Shanghai Aluminium changed its position to 1908 contract, 1908 contract opened at 13950 yuan / ton in the morning, recorded a negative line at the beginning of trading, the lower shadow line was lower than 13935 yuan / ton in the day, and increased its position mainly by bulls before noon. Shanghai Aluminum was able to climb along the 5th line to 13970 yuan / ton first-line narrow concussion, and last trading took advantage of short position reduction to explore a high intraday high of 13985 yuan / ton, finally closing at 13985 yuan / ton, up 75 yuan / ton, an increase of 0.54%. Trading volume increased by 2112 hands to 64584 hands, and positions increased by 2042 hands to 219000 hands. At the end of the day, the second consecutive closing line closed at a reverse Baoyang line, but the center of gravity was still below the daily average, the daily MACD green line was shortened, and the KDJ third line converged upward. In the afternoon, the trading atmosphere in the market improved, the stock market rose by the limit, the futures market was driven, the metal market turned red almost across the board, and the aluminum price rose more regularly than other metals, as there was no significant change in fundamentals for the time being. Continue to pay attention to the market atmosphere and changes in long short positions in the evening.

(SMM Shanghai Nonferrous Xu Man 021 5159 5898)

Evening news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn