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[brief comment on tin in SMM period] Market emptiness strengthens low opening and low walking of tin in Shanghai
Jun 18,2019 17:25CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 18-month news: Shanghai tin main 1909 contract last night after the opening of 144210 yuan / ton, the beginning of the market slightly high to 144490 yuan / ton, and then until the end of night trading, Shanghai tin all the way down. After the opening of 143970 yuan / ton in early trading this morning, it continued the trend of last night's trading down again, and finally closed at 143640 yuan / ton, down 770yuan / ton, down 0.53 per cent. The trading volume was 10716, an increase of 996. The number of positions was 41514, an increase of 444. Today, due to the impact of overnight tin downward and short pressure factors, Shanghai tin overall opened low, all the way down, and finally closed with a negative line, the upper shadow line is located near the 10-20 moving average. It is estimated that the lower support of Shanghai tin is located near the high point of 143500 yuan / ton in the early stage, and the next support is located near the integer gate of 143000 yuan / ton, and the upper resistance is near the 10-20 EMA of 144500 yuan / ton.

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