[brief Review of Nickel in SMM period] Shanghai Nickel pressure 20-day EMA narrow amplitude concussion Operation

SMM, 25 Oct:

Shanghai nickel 1912 contract opened today at 133180 yuan / ton, during the day, Shanghai nickel as a whole around the daily average line 133200 yuan / ton narrow shock operation, and finally closed at 133340 yuan / ton, compared with the settlement price of the previous trading day up 1490 yuan / ton, up 1.13%, trading volume decreased by 440000 hands to 837000 hands, position volume reduced by 28000 hands to 294000 hands. Shanghai nickel closed in the small negative line, has stood above the multiple EMA, the upper 20 EMA 134000 yuan / ton level pressure is strong, pay attention to 134000 yuan / ton first-line resistance this night.

Tonight, focus on the final consumer confidence index of the University of Michigan in October.

[for more information, please subscribe to SMM Nickel Research Group products "China Nickel Chromium stainless Steel Industry chain General report" and "China Nickel Chrome stainless Steel Industry chain High end report" to obtain the latest nickel mine, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For ordering and trial reading, please call 021-5166 6817 QQ: 2880505562, contact: Li Chuntian]

(TEL:021-5166 6817 QQ: 2880505562)