[SMM Nickel Morning News] the shock and fall of Shanghai Nickel Night Market is close to 130000 yuan / ton.

SMM, 6 November:

Lunni Asia, which opened at $16325 a tonne today, quickly fell from $16350 a tonne to $16200 a tonne, with a narrow range of shocks. In the afternoon, or supported by a sharp drop in the dollar index, Lunni rose from $16200 / ton to break through the daily average resistance to near the opening price. Subsequently, Lunni reversed the decline, giving up all the gains before, down $16165 / ton. At about 23:30 at night, Lunni rebounded to $16300 / D tonne and finally closed at $16295 / tonne, down $30 / tonne, or 0.18 per cent, from the previous day's settlement price. Trading volume increased by 590 hands to 7286 hands, and positions increased by 54000 hands to 286000 hands. Lunni closed in the Yin Cross, below the shadow line of $16165 / ton, far from the moving average above, pay attention to the support of the $16000 / tonne integer level below today.

Overnight Shanghai nickel opened at 131000 yuan / ton, at the beginning of the day, the center of gravity around the daily average line of 131200 yuan / ton narrow shock. Subsequently, short positions increased, Shanghai nickel downlink down 130250 yuan / ton, below by 130000 yuan / ton integer level support, a small shock up to the opening price near, and finally closed at 131290 yuan / ton, compared with the settlement price of the previous trading day fell 570 yuan / ton, down 0.43%, trading volume 263000 hands, position volume 209000 hands. Overnight Shanghai nickel closed in the Xiaoyang line, the top away from the moving average, the lower 130000 yuan / ton integer gate is supported, today pay attention to the lower 130000 yuan / ton gate support for Shanghai nickel.

Today's focus on France, Germany, the euro zone services PMI final value in October, the United States to November 1 week EIA crude oil stocks (10,000 barrels).

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