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[brief Review of Zinc in SMM period] it is more obvious that the operation of zinc in Shanghai is strong outside and weak inside.
Oct 22,2019 17:11CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 22nd:

 

Intraday Shanghai zinc main force 1912 contract opened at 18935 yuan / ton, early in the day Shanghai zinc around the daily average line 18950 yuan / ton finishing operation, then short into the market, Shanghai zinc diving down 18865 yuan / ton, then 20 moving average support strength appeared, Shanghai zinc found support, concussion upward to 18920 yuan / ton first line, around the daily average narrow range shock operation, operating range not more than 20 yuan / ton, closed down 18930 yuan / ton, down 45 yuan / ton, Trading volume decreased by 99062 hands to 146000 hands, and positions decreased by 232 hands to 196000 hands. Within the day Shanghai zinc received a bald small negative line, with the shadow line under the 5th and 10th moving average adhesion support strength, KDJ three-line adhesion turning head straight, showing that the Shanghai zinc upward downward kinetic energy is weak, the overall maintenance interval arrangement operation, the Shanghai zinc holding position in Shanghai drops slightly within the day, mostly short, indicating that under the improvement of consumption, the short confidence weakens, and the 10-day moving average support is observed at night.

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