[brief comment on Tin in SMM period] in Shanghai period, tin is suppressed first and then raised to maintain a stable high position.

Published: Jun 12, 2019 17:47

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SMM6 12-month news: Shanghai tin main 1909 contract last night after the opening of 145520 yuan / ton, due to the long departure all the way down, the lowest hit 144750 yuan / ton, a small return. After the opening of 144840 yuan / ton in early trading this morning, due to the short position reduction long a small amount of entry, resulting in Shanghai tin bottomed up all the way up, erasing most of last night's decline, and finally closed at 145320 yuan / ton, down 170 yuan / ton, down 0.12 per cent. The trading volume was 12822, a decrease of 4062. The number of positions was reduced by 41586 hands. Today, Shanghai tin overall suppression and then rise, to close with the Xiao Yin line, the lower shadow line by the 20-day EMA support, it is expected that Shanghai tin above the resistance of 146000 yuan / ton, below the support of 143500 yuan / ton.

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A brief review of tin

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