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[brief comment on nickel in SMM] Shanghai nickel fell below the 5-day moving average at 98000 yuan / ton today.
Jun 24,2019 16:34CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 24 / PRNewswire-Asianet /-

Shanghai nickel 1908 contract opened today at 98480 yuan / ton, at the beginning of the day, shanghai nickel won the daily average of 98500 yuan / ton first-line support, rose slightly, after the pressure of 99000 yuan / ton line, fell back to the daily average line. In the afternoon, Shanghai nickel received 98500 yuan / ton first-line support, the center of gravity around 98600 yuan / ton line narrow range fluctuations, closed at 98670 yuan / ton, compared with the previous trading day settlement price fell 530yuan / ton, down 0.53%, position decreased 10000 hands to 226000 hands, trading volume decreased 12800 hands to 316000 hands. All day, Shanghai nickel main contract closed in the small Yang line, has fallen below the 5-day moving average, below by the 20-day moving average support. In the evening, we will pay attention to whether Shanghai nickel can be supported by the 20-day EMA and hold the 98000 yuan / ton gate. The data were light tonight.

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