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[brief Review of Zinc in SMM period] Zinc arrangement in Shanghai during the Day pays attention to the suppression of Brin Road Middle Rail at Night
Oct 24,2019 17:24CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 24th:

 

Intraday Shanghai zinc main force 1912 contract opened at 18835 yuan / ton, Shanghai zinc as a whole around the daily average line in 18850 yuan / ton shock finishing operation. At the beginning of the session, Shanghai zinc slightly down to 18805 yuan / ton, the lower integer gate support strength is strong, Shanghai zinc slightly rebounded, the whole of the daily moving average above the horizontal plate concussion, during the attempt to break through the 10-day moving average suppression, but failed, the end of the day slightly downward and then climbed again, closing at 18880 yuan / ton, flat than the previous trading, trading volume reduced by 101000 to 204000 hands, position reduced by 5876 to 198000 hands. During the day, Shanghai zinc closed Yang, under pressure to run under the Brin Road middle track, stimulated by the news that overseas inventories fell to a low point, the short left the market to slightly boost the zinc price, but the total outflow of funds from the 11 and 12 contracts within the day exceeded 40 million, indicating that the market wait-and-see mood is becoming stronger, Shanghai zinc short-term or partial concussion arrangement, and pay attention to the suppression of Brin Road middle track at night.

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