[SMM Nickel Morning News] narrow amplitude concussion of Shanghai Nickel Nickel Night Market

SMM, 22 Oct:

Lunni Asia opened today at $16250 / tonne, before noon, Lunni pressure daily average shock downward, to $16000 / tonne level to be supported, at noon, Lunni above the $16000 / tonne level, under the pressure of $16080 / tonne horizontal plate concussion. Around 14:30 in the afternoon, Lunni shock up to the opening price near, forming a U trend. Entering the European session, Lunni fluctuated all the way up to pressure near the opening price, then fell back, giving up almost all of its gains, closing at $16085 a tonne, down $125a tonne, or 0.77 per cent, from the previous day's settlement price, with a trading volume of 8941 hands and a position of 278000 hands. Lunni closed in the small negative line, above a number of pressure averages, has fallen below the Boll line under the track, today focused on Lunni can hold 16000 US dollars / ton integer level.

Overnight Shanghai nickel opened at 126630 yuan / ton, after the opening, under pressure 127000 yuan / ton line, the center of gravity around 126600 yuan / ton small shock. Subsequently, the center of gravity of Shanghai nickel moved down, the pressure daily average of 126600 yuan / ton, horizontal shock finishing, and finally closed at 126370 yuan / ton, 20 yuan / ton lower than the settlement price of the previous trading day, down 0.02%, trading volume 298000 hands, position reduced by 4000 hands to 372000 hands. Overnight Shanghai nickel closed in the small Yin Cross, the whole in 126000 yuan / ton first-line concussion operation, today pay attention to Shanghai nickel can hold 126000 yuan / ton barrier.

Today's focus on the monthly rate of retail sales in Canada in August, the total number of existing home sales in the United States in September annualized (10,000 households).

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