[brief comment on nickel in SMM period] Shanghai nickel continues to oscillate upward, closing in the positive cross star

Published: Jun 14, 2019 17:32

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SMM, June 14 / PRNewswire-Asianet /-

The Shanghai Ni 1907 contract opened at 99630 yuan / ton today. At the beginning of the day, Shanghai Ni fluctuated slightly below the daily average. Subsequently, Shanghai nickel shock upward break through the daily average, high 101360 yuan / ton, in 101000 yuan / ton first-line concussion finishing. In the afternoon, Shanghai nickel fell slightly, bearing pressure of 100800 yuan / ton line narrow range fluctuations, near the end of trading, fell below the daily average, closed at 100060 yuan / ton. Throughout the day, the shanghai nickel 1907 contract closed at the upper shadow line yang cross star, the upper shadow line has pierced the Boll line on the track, the settlement price rose 1660 yuan / ton, an increase of 1.69%, trading volume decreased 8100 hands to 672000 hands, position volume decreased 11400 hands to 154000 hands. In the evening, we will pay attention to whether Shanghai nickel can stabilize the 100000 yuan / ton gate. At night, we should pay attention to the monthly rate of retail sales in the United States in May and the monthly rate of manufacturing and industrial output in May, and the initial data of the University of Michigan consumer confidence index in June.

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