SMM July 18 News:

During the day, the Shanghai lead 1909 contract opened at 16440 yuan / ton, at the beginning of the day, bulls took advantage of the opportunity to increase their positions, pulling Shanghai lead all the way up to 16630 yuan / ton, and then some short positions entered the market, Shanghai lead pressure fell back, and then concussion below the 16500 yuan / ton line, finally closed at 16500 yuan / ton, up 195 yuan / ton, up 1.2%, and the position increased 9290 hands to 61140 hands. Shanghai lead close Dayang line, run along the 5-day EMA, and the 5-day EMA upward trend is more steep, coupled with long three consecutive trading days to increase positions by about 18000 hands, basically extinguished the courage of the short high pressure, if the night outside Lun lead continues to strengthen, or will continue to give Shanghai lead to continue the strong momentum.

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