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[brief comment on Tin in SMM period] the empty atmosphere aggravates the downward pressure of tin in Shanghai period.
Jun 26,2019 17:47CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 26 month news: Shanghai tin main 1909 contract last night after the opening of 144100 yuan / ton, the overall maintenance of shock, the lowest fell to 143860 yuan / ton after bottoming up, returned to the opening price near. After the opening of 144040 yuan / ton in early trading this morning, due to the influence of long positions and short pressure factors, Shanghai tin all the way down, and finally closed at 143480 yuan / ton, down 610 yuan / ton, down 0.42 per cent. The trading volume was 11428, an increase of 342. The number of positions was 42962, an increase of 530. Today, the tin center of gravity in Shanghai has moved down obviously, closing with the negative line, and the solid part is located near the 5-day moving average, and the upper part is suppressed by the 10-20 EMA. It is expected that the lower support of Shanghai tin will be located at the high point of 143500 yuan / ton in the early stage. If it falls below, the next support will be located near the integer gate of 143000 yuan / ton, and the upper resistance will be located near 144400 yuan / ton in the middle rail of Brin Channel.

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