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[brief comment on lead in SMM] the 60-day moving average strongly suppresses lead in Shanghai at night or is dominated by interval concussion.
Jul 12,2019 16:38CST
translation
Source:SMM
Shanghai lead closed Zhongyang line, the 5-day EMA showed signs of turning upward, and at the weekly level, the 5-and 10-day EMA formed a golden fork, but there was a strong suppression above the 60-day EMA. It is expected that it will be more difficult for Shanghai lead to break through the suppression platform at night, or continue in the range formed by the 5-and 60-day EMA.
The content below was translated by Tencent automatically for reference.

SMM, July 12 / PRNewswire-Asianet /-

Within a day, the Shanghai lead 1908 contract opened at 16090 yuan / ton, at the beginning of the day, some bulls escaped from the market, the center of gravity of Shanghai lead was once as low as 16030 yuan / ton, and then fluctuated around 16060 yuan / ton. In the afternoon, the lead on the outer plate strengthened, driving the Shanghai lead back to 16105 yuan / ton line operation, and finally closed at 16105 yuan / ton, up 30 yuan / ton, an increase of 0.19%, and the position was reduced by 1580 hands to 43846 hands. Shanghai lead closed Zhongyang line, the 5-day EMA showed signs of turning upward, and at the weekly level, the 5-and 10-day EMA formed a golden fork, but there was a strong suppression above the 60-day EMA. It is expected that it will be more difficult for Shanghai lead to break through the suppression platform at night, or continue in the range formed by the 5-and 60-day EMA.

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

 

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