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[brief comment on Zinc in SMM period] short-selling Zinc Price during the Day to observe the support strength of the Lower track of Brin Road at Night
Jun 20,2019 16:41CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 20 June news:

Within a day, the main 1908 contract of Shanghai zinc opened at 19865 yuan / ton, and at the beginning of the day, Shanghai zinc reached 19960 yuan / ton, and then the suppression of the integer position appeared. Shanghai zinc quickly fell to 19850 yuan / ton, followed by a large number of short positions. Shanghai zinc was frustrated and quickly went down to 19665 yuan / ton. After bottoming, it tried to rise back, but the return was weak. The concussion went up to 19850 yuan / ton near the lower track of Brindao, finishing slightly at the end of the day, closing down 19865 yuan / ton. Compared with the previous transaction, it fell 80 yuan per ton, or 0.4%. Trading volume increased by 38312 hands to 640000 hands, and position volume increased by 3380 hands to 298000 hands. During the day, Shanghai zinc recorded two consecutive overcast, attached under the shadow line to prick Bolin Road under the track support, mainly due to the overnight Shanghai zinc down to 20,000 yuan / ton integer gate, the market bearish mood increased sharply, during the day short significantly depressed zinc prices, although some short positions left the market in the afternoon to repair the decline in zinc prices, but zinc prices are still superior to action. Observe the support strength of the lower track of Brin Road at night.

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