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[brief comment on nickel in SMM phase] multiple EMA support below Shanghai nickel, operating at 100000 yuan / ton gate concussion
Jun 20,2019 16:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 20 / PRNewswire-Asianet /-

Shanghai nickel 1908 opened today at 99850 yuan / ton, at the beginning of the day, shock down, below 99500 yuan / ton first-line support after shock back up, touch high 100290 yuan / ton. Subsequently, Shanghai nickel as a whole received a daily average of 99700 yuan / ton first-line support, under pressure 100000 yuan / ton customs, range volatility, closed at 99880 yuan / ton, compared with the previous trading day settlement price rose 500yuan / ton, an increase of 0.50%, position volume increased by 13600 hands to 251000 hands, trading volume increased by 80000 hands to 700000 hands. Throughout the day, the Shanghai nickel main contract closed at the Xiaoyang line, completely standing above the 5-day moving average. The position of the Shanghai Ni 1907 contract was reduced by 15800 to 102000 today, resulting in a capital outflow of 122 million yuan. In the evening, we will pay attention to whether Shanghai nickel can stabilize above the 5-day moving average.

Overnight attention should be paid to the number of initial jobless claims in the United States after the adjustment for the quarter ended June 15 and the Philadelphia Fed manufacturing employment index for June; and the initial consumer confidence index for June in the euro area.

  

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