Home / Metal News / Zinc / [brief Review of Zinc in SMM] short approach to suppress Zinc Price can be considered for the time being
[brief Review of Zinc in SMM] short approach to suppress Zinc Price can be considered for the time being
Oct 17,2019 17:46CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 17 March:

 

Intraday Shanghai zinc main force 1912 contract opened at 18880 yuan / ton, at the beginning of the day Shanghai zinc high open low walk, explore the daily moving average support strength, short one after another to increase positions to suppress zinc prices, Shanghai zinc downward down 18705 yuan / ton, the end of the day rose slightly, closed down 18735 yuan / ton, down 1.29%, trading volume decreased 5754 hands to 210000 hands, position increased 8230 hands to 205000 hands. Within days, Shanghai zinc received a small negative line, attached to the shadow line on the Brin Road middle track, the KDJ index showed that the inflection head down, showing that the Shanghai zinc downward trend is more obvious, the increase in positions in the day is mainly short, resulting in Shanghai zinc downward, showing that the supply increase is expected, the bulls still do not have the confidence to enter the market, the spot rising water is slightly lower, the Shanghai zinc action can be considered temporarily, and pay attention to the suppressing intensity of the Brin road middle track at night.

 

"Click to sign up for the 2019 China Zinc oxide Industry chain Trading Summit"

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Brief Review of Zinc
Daily Review

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn