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[SMM lead Morning News] Lun lead refreshes its new high and pays attention to whether Shanghai lead can maintain its stability in the next day.
Oct 25,2019 09:04CST
translation
The content below was translated by Tencent automatically for reference.

SMM, 25 Oct:

Overnight, lun lead opened at 2219 US dollars / ton, in Asia, Lun lead basically runs along the daily moving average, entering the European period, the bulls gradually began to make efforts, Lun lead once brushed a recent year more than 2232 US dollars / ton, after a little lack of upward momentum, Lun lead appeared a slight correction, finally reported in 2223.5 US dollars / ton, up 6.50 / ton, up 0.29%, position increased by 332 hands to 130000 hands. Lun lead closed at the Xiao Yang line, continuing the rising trend, and the technical side to maintain the long market, there is the possibility of continuing to strengthen within the day. Overnight, Shanghai lead 1912 contract opened at 16660 yuan / ton, driven by the strong trend of the outer plate, Shanghai lead center of gravity slowly moved up, and recorded a night high of 16750 yuan / ton, finally closed at 16735 yuan / ton, up 1912 yuan / ton, up 0.63%, position reduced by 492 hands to 57718 hands. Shanghai lead temporarily closed at the small positive line, stopped falling and rose slightly, but the 5-day moving average still maintained a downward trend, focusing on whether Shanghai lead, which has been boosted by lead, can continue to maintain its current level.

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