[brief Review of Nickel in SMM period] the overall strength of Shanghai Nickel during the Day breaks through the 134000 yuan / ton mark

SMM, Oct. 30 / PRNewswire-Asianet /-

Shanghai Nickel 1912 contract opened today at 133350 yuan / ton, before noon, the overall operation above the daily moving average, the center of gravity around the 20-day moving average of 133300 yuan / ton around a small fluctuation. In the afternoon, Shanghai nickel shock rose to 134400 yuan / ton first-line pressure, in 134000 yuan / ton narrow range shock, finally closed at 134160 yuan / ton, compared with the previous trading day settlement price rose 450 yuan / ton, an increase of 0.34%, trading volume decreased by 504000 hands to 737000 hands, positions reduced by 16000 hands to 241000 hands. Shanghai Nickel 1912 closed today in the small positive line, K column through the 20-day moving average, below the 5-day moving average near the support, this evening concerned about whether Shanghai Nickel can stand steady 20-day moving average.

This evening focused on the initial real GDP quarterly rate in the third quarter and the initial quarterly rate of real personal consumption spending in the third quarter; EIA crude oil stocks (10,000 barrels) for the week ended October 25. The early morning of the 31st focused on the US Federal Reserve's decision on interest rates from October 30.

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