[brief comment on Tin in SMM] the pattern of Xichong high pullback and consolidation in Shanghai has not changed.

Published: Jul 18, 2019 17:24

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SMM7 18 / 18 / PRNewswire-FirstCall-Asianet /-

Shanghai tin main 1909 contract last night after the opening of 134190 yuan / ton, the overall maintenance in the opening price near the shock finishing. After the opening of 134090 yuan / ton in early trading this morning, it rose to an intraday high of 136550 yuan / ton between early trading and midday trading. In the afternoon, tin pressure fell back in Shanghai, and finally closed at 134700 yuan per ton, up 540 yuan per ton, or 0.4 per cent. The trading volume was 23484, an increase of 8018. The number of positions was 29170, a reduction of 1324. Today, Shanghai tin overall high fall, interval concussion pattern has not changed, to close with the small positive line, the upper shadow line is longer, the lower part of the entity is supported by the 5-day EMA, and the upper part is under pressure on the 10-day EMA. It is estimated that the lower support of tin in Shanghai will be around 132000 yuan / ton, and the upper resistance will be around 137500 yuan / ton.

"after the collapse of Shanghai and tin, the metal rose sharply and plummeted, and after the collapse, we need to study the fundamentals calmly.

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A brief review of tin

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