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[brief comment on SMM Aluminum] Today, long positions are mainly reduced to maintain range fluctuations in Shanghai aluminum within a day.
Jun 27,2019 16:11CST
translation
Source:SMM
Today, the long position reduction is the main factor to maintain the range fluctuation of Shanghai aluminum within the day.
The content below was translated by Tencent automatically for reference.

SMM, June 27 / PRNewswire-Asianet /-

The 1908 contract of Shanghai Aluminum main Company opened at 13890 yuan / ton in the morning, climbing slowly at the beginning of the day, falling back after the highest point in the day of 13910 yuan / ton, maintaining a wide range of shocks in the afternoon, twice up at 13900 yuan / ton, and stopping at 13875 yuan / ton twice. The daily market closed at 13900 yuan / ton, up 5 yuan / ton, an increase of 0.04%. It closed at the Xiaoyin line, the upper part was under pressure on the 20th moving average, and the center of gravity was slightly lower than yesterday. Trading volume increased by 21464 hands to 121000 hands, position volume decreased by 12274 hands to 247000 hands, today long position reduction is the main, daily KDJ third line continues to face up. The macro news within the day is relatively light, Shanghai aluminum in the lack of clear information under the guidance of the performance of interval volatility, some long positions can be seen that the market is still short of expectations, continue to pay attention to the long short position changes and the announcement of relevant macro news.

(SMM Shanghai Nonferrous Xuman 021 5159 5898)

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