[brief Review of Nickel in SMM] Shanghai Nickel closes at Yang Cross Star and still fluctuates at the level of 137000 yuan / ton

SMM, 10 October:

Shanghai Nickel 1912 contract opened today at 134720 yuan / ton, after the opening, Shanghai nickel shock upward, to the 5th moving average near the pressure, the center of gravity around 137000 yuan / ton a narrow range of concussion. In the afternoon, the trend continued to fluctuate slightly in the first line of 137000 yuan / ton, and finally closed at 137210 yuan / ton, up 350 yuan / ton or 0.26% from the settlement price of the previous trading day. Trading volume increased by 327000 hands to 639000 hands, position increased by 8000 hands to 305000 hands, Shanghai nickel index capital inflow reached 336 million yuan today. Today, the Shanghai Nickel 1912 contract closed in the long lower shadow line Yang Cross, the upper 5-day moving average will face strong pressure, the overall 137000 yuan / ton first-line narrow shock operation, this evening to pay attention to the pressure of the 5 / 10 moving average above Shanghai Nickel.

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