[brief Review of Nickel in SMM period] 135000 yuan / ton pass support below Shanghai Nickel Day interval concussion

Published: Oct 14, 2019 16:20

SMM, 14 October:

Shanghai Nickel 1912 contract opened at 137280 yuan / ton today, Shanghai nickel today under the overall pressure 5-day moving average, the bottom is 135000 yuan / ton level support, the center of gravity around 136000 yuan / ton line, the interval shock operation, the final close at 135770 yuan / ton, compared with the settlement price of the previous trading day fell 760 yuan / ton, down 0.56%, position increased by 10 000 hands to 319000 hands, trading volume increased by 355000 hands to 903000 hands. Throughout the day, the Shanghai Nickel 1912 contract closed in the small negative line of the Shanghai Nickel Line, which broke through the 20-day moving average, exploring the 138000 yuan / ton level, and the K-column closed near the 5-day moving average as a whole. In the evening, we pay attention to the concussion of 136000 yuan / ton Shanghai Nickel 5-day moving average.

The data were relatively light tonight.

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[brief Review of Nickel in SMM period] 135000 yuan / ton pass support below Shanghai Nickel Day interval concussion - Shanghai Metals Market (SMM)