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[SMM Nickel Morning News] Nickel Internal and external disk Nickel rises by $16700 / ton at night
Oct 24,2019 08:58CST
The content below was translated by Tencent automatically for reference.

SMM, 24 October:

Lunni Asia opened today at US $16575 / tonne. At the beginning of the day, Lunni pressurized daily averages fluctuated downwards to US $16300 / tonne and then slightly revised up, to a daily average of US $16400 / tonne and extended to Europe. At 21: 00 at night, Lunni rose upward, breaking through the $16700 / tonne mark, touching a higher level of $16715 / tonne, but under pressure on the 60-day moving average. Then it fell slightly, giving up some of the gains, to $16500 / tonne to stop the volatility, and finally closed at $16625 / tonne, up $65 / tonne or 0.39% from the settlement price of the previous trading day, trading volume 5892 hands, position increased 3000 hands to 281000 hands. Lunni closed in the long lower shadow line small positive line, K column stands above the 5-day moving average, the upper 10 / 60 moving average crossing resistance is strong, today pay attention to the resistance of 16700 US dollars / ton pass.

Overnight Shanghai nickel opened at 129830 yuan / ton, after the opening, Shanghai nickel shock upward, to 132000 yuan / ton first-line pressure, narrow shock finishing. Subsequently, the center of gravity fell slightly, the bottom of the 10-day moving average 131000 yuan / ton first-line support horizontal plate concussion operation, and finally closed at 131260 yuan / ton, compared with the previous trading day settlement price rose 1290 yuan / ton, up 0.99%, trading volume 673000 hands, position reduced by 7000 hands to 377000 hands. Overnight Shanghai nickel closed in the small yang line, completely standing above the 5-day moving average, the whole closed above the 60-day moving average, pay attention to the top 132000 yuan / ton first-line pressure today.

Today, focus on the initial value of manufacturing PMI in the euro area in October, the number of people applying for unemployment benefits in the week from October 19 to October 19, the monthly rate of durable goods orders in the United States in September, and the initial value of Markit services PMI in the United States in October.

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