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[SMM Nickel Morning News] Lunni 5 / 60 daily moving average shock Shanghai Nickel Station above the 20-day moving average
Oct 31,2019 09:24CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, October 31 / PRNewswire-Asianet /-

Lunni Asia opened at $16800 a tonne today, with its center of gravity fluctuating slightly near the daily moving average before noon. Lunni strengthened slightly in the afternoon and fluctuated narrowly above the daily moving average. Entering the European period, Lunni rose sharply, touching a high of $16920 / tonne, then fell back to the first line of $16800 / tonne, then slightly rebounded and repaired, and at night, Lunni as a whole oscillated above the daily moving average. At about 1:00 in the morning, Lunni again descended to the opening price, supported by the 5-day moving average, and finally closed at US $16790 / ton, down US $30 / ton, or 0.18%, from the settlement price of the previous trading day. Trading volume decreased by 2542 hands to 4648 hands, and positions increased by 16 hands to 282581 hands. Lunni closed in the Yin Cross, above the 60-day moving average of $17000 / ton, below the 5-day moving average is supported, today pay attention to whether Lunni is still oscillating in the 5 / 60 moving average range.

Overnight, Shanghai nickel opened at 134150 yuan / ton, at night, Shanghai nickel above the pressure of 134300 yuan / ton line, the overall center of gravity around 134000 yuan / ton narrow shock, finally closed at 133970 yuan / ton, compared with the settlement price of the previous trading day fell 190 yuan / ton, down 0.14%, trading volume 271000 hands, position reduced 2482 hands to 238000 hands. Overnight, Shanghai nickel closed in the small negative line, the whole stood above the 5 / 20 moving average, the intersection 133000 yuan / ton level was supported, Boll line line 134000 yuan / ton near the resistance, today pay attention to whether Shanghai nickel can break through 134000 yuan / ton barrier.

 

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