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[brief comment on lead in SMM] strong outer plate leads lead in Shanghai to rise at night to pay attention to whether the inner market can break through the previous high.
Oct 17,2019 15:52CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 17 October:

Within days, the Shanghai lead main force 1911 contract short opened at 17065 yuan / ton, at the beginning of the day, the bulls continued to enter the market to pull up the lead price to 17145 yuan / ton, after the Shanghai lead upward power slightly insufficient, fell back to the daily average line above the shock, finally closed at 17095 yuan / ton, up 190 yuan / ton, up 1.12%, the position increased by 2080 hands to 53966 hands. Shanghai lead closed at the Dayang line, the continued strength of the outer plate, to a certain extent, boosted the confidence of the bulls to enter the market, pay attention to whether Shanghai lead can break through the previous high, if the breakthrough fails and falls back, this wave of rising market may be over.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)

 

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