[SMM Nickel Morning News] both Lunhu Nickel and Shanghai Nickel are operated by wide concussion of Yin Cross Star

Published: Oct 28, 2019 08:50

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SMM, 28 October:

Lunni Asia today opened at $16860 / tonne, after the opening, Lunni pressure daily average shock downward, to $16700 / tonne line to get support, stop the fall shock. At noon, the center of gravity was arranged around $16760 / ton horizontal plate. In the afternoon, Lunniel rose upward, touching $16930 / ton, and then, or affected by the continued upward rise of the dollar, around 19:30, Lunni fluctuated downwards, probing down $16675 / ton, and then rebounded and repaired. The center of gravity fluctuated around the line of $16800 / ton, and finally closed at $16850 / ton, down $10 / ton, down 0.06%, trading volume 4931 hands, and position volume 28.1 million hands. Lunni closed at the Yin Cross, above the 60-day moving average of $16800 / tonne, with a strong resistance of $17000 / tonne above it. Today, we pay attention to the concussion of Lunni at $16800 / tonne.

Overnight Shanghai nickel opened at 133430 yuan / ton, at the beginning of the day, Shanghai nickel shock downward, to 132400 yuan / ton first line to stabilize, shock back up, to 20 averages 133700 yuan / ton line under pressure shock operation. Subsequently, Shanghai nickel fell back slightly, the center of gravity fluctuated around the daily average, and finally closed at 133380 yuan / ton, up 40 yuan / ton from the previous trading day settlement price, up 0.03%, trading volume 480000 hands, position reduced by 9000 hands to 286000 hands. Overnight Shanghai nickel closed in the Yin Cross, the upper 20-day moving average is facing resistance, the lower 132000 yuan / ton line is temporarily supported, today pay attention to the upper 20-day moving average to Shanghai nickel resistance.

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