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[brief comment on tin in SMM] Multi-empty forces intertwined with tin in Shanghai period to suppress the center of gravity first and then raise the center of gravity to maintain stability.
Jun 27,2019 18:04CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 27-month news: Shanghai tin main 1909 contract last night after the opening of 143680 yuan / ton, the overall maintenance of concussion consolidation trend, the initial shock all the way up to 143900 yuan / ton after being blocked back to the opening price of 143400 yuan / ton, the end of trading slightly back up. After the opening of 143410 yuan / ton in early trading this morning, the market fell all the way to an intraday low of 143060 yuan / ton, but failed to break the level effectively. The bottom rebound fluctuated all the way up to the opening price, and finally closed at 143690 yuan / ton, up 210 yuan / ton, an increase of 0.15 per cent. The trading volume was 11238 hands, and the position volume was 43346 hands, an increase of 384 hands. Today, Shanghai tin closed with a cross line, and the upper shadow line is located near the 5-day moving average. It is expected that Shanghai tin will maintain its consolidation trend in the short term, supporting 143500 yuan / ton below, and the next support will be located near the integer barrier of 143000 yuan / ton if it falls below.

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