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[brief comment on nickel in SMM] Shanghai nickel concussion upward station above the 60-day moving average today
Jun 25,2019 16:34CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 25 / PRNewswire-Asianet /-

Shanghai Ni 1908 opened at 99150 yuan / ton today, running above the daily average as a whole. At the beginning of the plate, Shanghai nickel won 99300 yuan / ton first-line support, pressure 99500 yuan / ton first-line, narrow range concussion operation. In the afternoon, it broke through the 99500 yuan / ton line, fell slightly after touching 99830 yuan / ton, and the center of gravity fluctuated slightly around the 99500 yuan / ton line, closing at 99650 yuan / ton, up 1070 yuan / ton, or 1.09 percent, over the previous day's settlement price. Trading volume increased by 62700 hands to 403000 hands, and position volume decreased by 12400 hands to 217000 hands. Throughout the day, the Shanghai nickel main contract closed at the Xiaoyang line, standing above the 20-day and 60-day moving average. In the evening, we will pay attention to whether Shanghai Ni can stand on its 60-day moving average. Overnight attention should be paid to the annualization of the total number of new home sales in the United States in May; the Richmond Fed manufacturing index and the Conference Board consumer confidence index in June; and New York Fed Chairman William Williams delivered an opening speech at the Financial Forum.

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