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[brief comment on nickel in SMM period] Shanghai nickel exceeded 136000 yuan / ton during the period of going out of the inverted V trend.
Oct 29,2019 17:17CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 29 Oct:

Shanghai Nickel 1912 contract opened at 132230 yuan / ton today, after the opening, Shanghai nickel shock strengthened, 10:30 or so, straight-line pull up, break through 136000 yuan / ton barrier, rush up 136630 yuan / ton, then float back down, in 135700 yuan / ton first-line concussion operation. In the afternoon, the long profit reduced positions, Shanghai nickel shock downward, give up all the gains before noon, fell to near the opening price, closed at 132640 yuan / ton, compared with the settlement price of the previous trading day fell 230 yuan / D tons, down 0.17%, trading volume increased by 284000 hands to 1.241 million hands, position decreased by 24000 hands to 256000 hands. Shanghai nickel closed in the long shadow line small negative line, the shadow line pierced the 40-day moving average, breaking through the 136000 yuan / ton barrier, but finally closed near the 20-day moving average, the K-column overall pressure of 133000 yuan / ton first line, pay attention to the resistance of the 20-day moving average to Shanghai nickel tonight.

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