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[brief comment on lead in SMM] short positions add lead at night for two consecutive days or test 15800 yuan / ton platform support
Jul 8,2019 15:38CST
translation
Source:SMM
Shanghai lead received Xiaoyin line, initially formed a downward channel, and the 5-day moving average turned down, and suppressed the upward pace of Shanghai lead, it is expected that Shanghai lead at night may test the lower 15800 yuan / ton platform support.
The content below was translated by Tencent automatically for reference.

SMM, July 8 / PRNewswire-Asianet /-

Within a day, the Shanghai lead 1908 contract opened at 15985 yuan / ton. At the beginning of the day, Shanghai lead ran along the 16025 yuan / ton line. In the afternoon, the non-ferrous metals weakened as a whole, and the Shanghai lead also shook down to 15910 yuan / ton. Finally, it closed at 15960 yuan / ton, down 95 yuan / ton, down 0.59%, and the position increased by 1092 hands to 51842 hands. Shanghai lead received Xiaoyin line, initially formed a downward channel, and the 5-day moving average turned down, and suppressed the upward pace of Shanghai lead, it is expected that Shanghai lead at night may test the lower 15800 yuan / ton platform support.

(Guo Rong of Shanghai Color Network Tel: 021 51666879)

 

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