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[brief comment on Tin in the SMM period] the center of gravity of tin in short positions has risen in Shanghai.
Jul 10,2019 15:33CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 10-month news: Shanghai tin main 1909 contract last night after the opening of 135560 yuan / ton, the overall upward trend of shock. After the opening of 136100 yuan / ton in early trading today, continuing the trend of last night's trading, the price of tin in Shanghai continued to rise, falling back after climbing to an intraday high of 136950 yuan / ton between early trading and midday trading, and finally closed at 136560 yuan / ton, up 710 yuan / ton, or 0.52 per cent. The trading volume was 21356, a decrease of 4462. The number of positions was 34342, a reduction of 1760. Today, due to the departure of short positions to push up the price trend of Shanghai tin market, the center of gravity has risen from yesterday. The lower shadow line is supported by the 5-day moving average. The resistance above Shanghai tin is expected to be around the 10-day moving average of 137500 yuan / ton. the lower support is located at the integer gate of 135000 yuan / ton.

 

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