[brief Review of Aluminum in SMM] bulls continue to leave Shanghai Aluminum to maintain weak shock

Published: Oct 9, 2019 18:05

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Bulls continue to leave Shanghai Aluminum to maintain weak shock

SMM, 9 October:

Shanghai aluminum main force 1911 contract opened in the morning at 13980 yuan / ton. Open short close position, Shanghai aluminum shock high touch 14000 yuan / ton, hit the upper 10-day moving average. Before the start of the second trading session, short entry to suppress aluminum prices, Shanghai aluminum quickly fell to 13940 yuan / ton, and around its range shock, the end of the day long fled, Shanghai aluminum continued to fall to 13925 yuan / ton, low hit 13920 yuan / ton. Positions were reduced by 2952 to 184572, with trading volume still exceeding 1912 contracts. The Shanghai aluminum index fell 2582 to 674796. Shanghai aluminum is expected to remain weak in the evening shock, the center of gravity continues downstream.

(SMM Yiliang 021-20707892)

Evening news

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