[brief comment on Tin in SMM] Multi-empty Force intertwined with Xichong High fall in Shanghai

SMM6 14-month news: Shanghai tin main 1909 contract last night after the opening of 145430 yuan / ton, the initial rush to the high point of 146000 yuan / ton after the decline, until the end of last night, Shanghai tin all the way down. After the opening of trading this morning, 145410 yuan / ton continued to fall to 144640 yuan / ton last night, after the lowest reached 144640 yuan / ton, maintained consolidation, and finally closed at 144880 yuan / ton, down 650 yuan / ton, down 0.45 per cent. The trading volume was 14358, an increase of 3954. The position was 41406, a decrease of 48 hands. Today, Shanghai tin fell back as a whole, closing with the negative line, the upper shadow line bearing pressure on the 40-day moving average, the lower shadow line supported by the 20-day moving average, the solid part is located near the 10-day moving average. It is estimated that the resistance above Shanghai tin is near the 40-day moving average of 146000 yuan / ton, and the lower support is located at about 144500 yuan / ton of the 20-day moving average. If it falls below, the next support will be around 144000 yuan / ton of the 10-day moving average.

"Click to view SMM historical price data

"Click to sign up for SMM Tin Industry chain Summit