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[brief comment on Zinc in SMM stage] the supporting strength of the 20-day EMA observed at night at the Xiaoyang Line in Shanghai
Jul 1,2019 16:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 News of the 1st of July:

Shanghai zinc main 1908 contract opened at 19995 yuan / ton, initially boosted by the high opening of the outside disk, short positions fled, Shanghai zinc quickly upward touch high 20095 yuan / ton, then kinetic energy is slightly insufficient, jump off the daily average, around 19920 yuan / ton slightly struggle, after 19835 yuan / ton, 10-day moving average support strength appeared, Shanghai zinc rose slightly, broke through the daily average pressure but did not stand stable, return to the 10-day moving average near. It closed up 19860 yuan per ton, up 85 yuan per ton, or 0.43 percent, from the previous trade, with trading volume down 33696 hands to 387000 hands and positions down 11248 hands to 248000 hands. During the day, the funds moved to the warehouse to change the month, Shanghai zinc received the Xiaoyang line, in the 20th EMA temporarily looking for support, but the reduction of the upward kinetic energy is limited, the fundamental weakness has not been alleviated, the evening observation of the 20th EMA support strength.

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