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[brief comment on Zinc in SMM period] Shanghai Zinc stop overturning Red is expected to be supported on the lower rail of Brin Road at night.
Jun 18,2019 16:24CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 18 / 18 / PRNewswire-FirstCall-Asianet /-

Within a day, the main 1908 contract of Shanghai zinc opened at 20070 yuan / ton, Shanghai zinc opened high and low at the beginning of the day, and went all the way down to find support below the daily average, and rose slightly to 19930 yuan / ton. During this period, the daily average was pressed and touched to 19975 yuan / ton, and the short positions entered the market neatly in the afternoon. Shanghai zinc was involved, and the center of gravity moved down to 19880 yuan / ton. The operation center of gravity moved down to 19880 yuan / ton, and the operating range did not exceed 30 yuan / ton, and the end of the plate was more than empty. Shanghai zinc rose slightly to near the daily average, rising to 19930 yuan per ton, up 30 yuan per ton, or 0.15 percent, from the previous trading. Trading volume increased by 208000 hands to 580000 hands, and position volume decreased by 19402 hands to 294000 hands. During the day, Shanghai zinc stopped yin and yang, attached shadow line broken 5, 10 days EMA double adhesion suppression, inventory continued to record an increase, during the day short positions down, bulls or did not have sufficient confidence, superimposed above the technical indicators of multiple indicators suppression, night Shanghai zinc action can still be considered, is expected to support the off-track operation of Brin Road.

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