[SMM lead Morning News] lead short running in Shanghai closed up 1.04% overnight.

SMM, 29 November:

Overnight, Lun lead opened at $1943 / tonne. In the Asian session, Lun lead followed Shanghai lead upward, rising to US $1962 / ton at one point, and then entering Europe. After entering the European period, Lun lead dived and fell to US $1926 / tonne. After short selling, they chose to leave the market and repair the decline, and finally reported a decline of US $1942.5 / ton. Lun lead low narrow amplitude concussion, the upper 10-day moving average to form a strong pressure, the short-term expected shock.

Overnight, Shanghai lead 2001 contract opened at 15445 yuan / ton, at the beginning of the day, Shanghai lead narrow range operation, market trading light, after the main force began to plan to leave, promote Shanghai lead shock upward, high once reached 15600 yuan / ton, then fell back slightly, and finally reported at 15545 yuan / ton, up 1.04%. Short recently began to gradually leave the market, two days cumulative reduction of 15000 hands, short-term or continue to promote a small rebound in lead prices, pay attention to the trend of funds.

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