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[brief comment on Zinc in SMM period] the short position of zinc in Shanghai is mainly reduced in the day of cross star.
Jul 17,2019 16:30CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, 17th, news:

The main 1909 contract of Shanghai zinc opened at 19410 yuan / ton within a day, and the short position pushed the zinc price to 19370 yuan / ton at the beginning of the day, with an operating range of no more than 30 yuan / ton, which dragged down the Shanghai zinc probe by 19325 yuan / ton in the afternoon, and rose slightly at the end of the day, closing up 19355 yuan / ton, up 110 yuan / ton, up 0.57% from the previous transaction. Shanghai zinc received a cross star in the day, attached to the shadow line to stab the 20-day EMA suppression, macro mood dissipated under the Shanghai zinc return to its own fundamental operation, the domestic accumulation is expected to increase, consumption off-season signs are significant, bulls still do not have sufficient confidence, the day to reduce positions mainly short, night Shanghai zinc or run near the 20-day moving average.

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