[SMM Nickel Morning News] Nickel in the Night period fell sharply below the 120000 mark in Shanghai Nickel.

SMM, 15 November:

Lunni Asia, which opened at $15400 a tonne today, swung upward in the afternoon, with its centre of gravity moving up to $15450 from $15400 at the start of the day. In the afternoon, the shock fell back after touching an intraday high of $15500 / ton, falling below the daily moving average, with the overall center of gravity continuing into Europe at a narrow range of $15400 / ton. At 22: 00 in the evening, Lunni fluctuated sharply, falling $15070 / ton to $15000 / ton, stabilizing, and closing at $15120 / tonne, down $280 / tonne, or 1.82%, from the previous day's settlement price, with a trading volume of 6965 hands and an increase of 3000 positions to 300000 hands. Lunni closed in the small negative line, the top of a number of moving average resistance is obvious, below the Boll line below the rail level, today pay attention to the support of Lunni million integer gate.

Overnight, Shanghai nickel opened at 121310 yuan / ton, and at the beginning of the day, Shanghai nickel fluctuated in a narrow range near the daily average line of 121100 yuan / ton. Subsequently, at 22: 20, short positions increased, Shanghai nickel fell sharply, falling below the 120000 yuan / ton mark, down 118360 yuan / ton, the center of gravity fluctuated slightly around 118700 yuan / ton, and finally closed at 118650 yuan / ton, down 2740 yuan / ton, or 2.26%, from the settlement price of the previous trading day. Trading volume 776000 hands, position increased by 38000 hands to 264000 hands. Overnight Shanghai nickel closed in the small yang line, fell below 120000 yuan / ton gate support and pierced the lower Boll line off the track, there is no other support level, pay attention to the Shanghai nickel integer level of the first line of concussion.

Today we look at the monthly CPI rate for the euro area in October and the final annual rate for CPI in October; the New York Fed manufacturing index for November and the monthly rate of retail sales in the United States for October.

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