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[brief comment on lead in SMM period] the high level of lead in Shanghai may fall back at night or continue the pullback market.
Jul 29,2019 16:08CST
translation
Source:SMM
Shanghai lead closed Xiaoyin line, fell back at the high, considering that the outer plate lead also formed a downward channel, and it is more difficult to turn over at night, so the night Shanghai lead or continuation of the pullback market, the 5-day EMA support role is weak.
The content below was translated by Tencent automatically for reference.

SMM, July 29 / PRNewswire-Asianet /-

Within a day, the Shanghai lead 1909 contract opened at 16645 yuan / ton, at the beginning of the day, more short and reduced, the Shanghai lead operation center of gravity moved up to 16735 yuan / ton line, however 16750 yuan / ton platform exists suppression, Shanghai lead upward pace slows, near noon, many heads choose to avoid danger to leave the market one after another, Shanghai lead then concussion catharsis, finally closes at 16670 yuan / ton, drops 165 yuan / ton, drops 0.98%, the position reduces 3456 hands to 64838 hands. Shanghai lead closed Xiaoyin line, fell back at the high, considering that the outer plate lead also formed a downward channel, and it is more difficult to turn over at night, so the night Shanghai lead or continuation of the pullback market, the 5-day EMA support role is weak.

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

 

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