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[brief comment on Tin in SMM] long Force dominates the Stability of Tin Center of gravity in Shanghai
Jul 30,2019 17:04CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, 30th, news:

After the opening of 134020 yuan / ton last night, the main tin 1909 contract in Shanghai fell rapidly to a low of 133620 yuan / ton last night, and then the bottom of the tin probe in Shanghai rose rapidly to around 134200 yuan / ton above the daily average and maintained consolidation. This morning trading 134270 yuan / ton after the opening of the long position, Shanghai tin small shock upward, climbing to 134900 yuan / ton, the bulls left the market center of gravity fell back, and finally closed at 134400 yuan / ton, unchanged from yesterday. The trading volume was 16016, a decrease of 5680. The position is 25282 hands, reduced by 432 hands. Today, Shanghai tin closed with a small positive line, more stable than yesterday's center of gravity. It is estimated that the resistance above tin in the short-term Shanghai period is about 136000 yuan / ton, and the support below is about 134000 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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