[brief comment on tin in SMM period] long head leaves the market in Shanghai, tin opens high and walks low in Shanghai.

Published: Jun 17, 2019 16:27

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SMM6 17 news: Shanghai tin main 1909 contract last Friday night trading 145080 yuan / ton, the beginning of the rapid decline to 144350 yuan / ton after hitting the bottom slightly rose to the daily average of 144700 yuan / ton, and then until the night closing Shanghai tin maintained in the vicinity of the daily average concussion finishing. After opening 144580 yuan / ton in early trading this morning, it quickly fell to 144400 yuan / ton at the beginning of the day, then hit bottom and rose to 144900 yuan / ton. Then, until the end of the day, Shanghai tin all the way down, finally closing at 144410 yuan / ton, down 470yuan / ton, down 0.32 per cent. The trading volume was 9720, a decrease of 4638. The number of positions was 41070, a reduction of 336. Today, Shanghai tin closed with a negative line, the solid part is located near the 20-day moving average, below by the 10-day EMA support, above by the 5-day EMA suppression. It is estimated that the lower support of Shanghai tin is located in the vicinity of the integer gate of 144000 yuan / ton, and the upper resistance is located in the vicinity of 145500 yuan / ton of the previous platform.

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A brief review of tin

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