[brief comment on tin in the SMM period] the short position leaves the Shanghai period tin Changyang to rise

Published: Jun 11, 2019 16:57

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SMM6 11 news: Shanghai tin main 1909 contract last night after the opening of 144100 yuan / ton, the initial rush to 144920 yuan / ton to maintain the consolidation situation. After the opening of 144830 yuan / ton in early trading this morning, it fluctuated all the way up, climbing to an intraday high of 145620 yuan / ton, and fell back slightly at the end of trading, finally closing at 145490 yuan / ton, up 1190 yuan / ton, or 0.82 per cent. The trading volume was 16884, an increase of 4596. The position was reduced by 42476 hands. Today, Shanghai tin due to short positions, closed to the positive line, the physical part is located near the 20-day moving average, below by the 10-day EMA support. It is estimated that the lower support of tin in Shanghai will be around 143500 yuan / ton, and the upper resistance will be around 146000 yuan / ton.

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