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[brief Review of Zinc in SMM period] weak arrangement of Zinc in Shanghai during the Day and attention to the supporting Force of the 40-Day moving average at night
Oct 23,2019 17:11CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 23 March:

 

The intraday Shanghai zinc main force 1912 contract opened at 18965 yuan / ton, at the beginning of the day, Shanghai zinc climbed slightly and gradually fell, followed by 18790 yuan / ton first-line concussion collation, afternoon, boosted by the strength of the outer plate, Shanghai zinc slightly upward, but 18800 yuan / ton integer suppression is strong, Shanghai zinc failed to stand firm, fell again, Shanghai zinc climbed slightly at the end of the day, closed down 18800 yuan / ton, down 0.66% from the previous trading. Trading volume increased by 159000 hands to 305000 hands, position increased by 8424 hands to 204000 hands. During the day, Shanghai zinc closed Yin, around Brin Road middle rail operation, economic downward pressure, the increase in positions in the day to short mainly to make zinc prices under pressure, indicating that the market is more bearish, Shanghai zinc short-term there is a certain downward pressure, pay attention to the lower 40-day moving average support at night.

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