SMM, 16 Dec:
Overnight, Shanghai nickel opened at 111380 yuan / ton, at the beginning of the session, slightly stronger, breaking through the first line of 112000 yuan / ton, feeling higher by 112090 yuan / ton, then falling back and exploring 110190 yuan / ton, supported by the 20-day moving average of 110000 yuan / ton, slightly uplink to near the daily average, the center of gravity fluctuated around the daily average, and finally closed at 111300 yuan / ton, up 1420 yuan / ton from the settlement price of the previous trading day, an increase of 1.29% and a trading volume of 796000 hands. Positions were reduced by 3586 to 335000. Overnight Shanghai nickel closed in the Yin Cross, standing above the 20-day moving average, above the 112000 yuan / ton barrier, today pay attention to the Shanghai nickel above 112000 yuan / ton first-line resistance.
In the afternoon to Europe, Lunni continued to maintain a concussive upward trend, breaking through the $14000 / tonne line until 22: 00 at night. After touching a high of $14270 / tonne, it reversed the downward trend and quickly fell below the daily average. after being supported by the $14000 / tonne line, it rose slightly to $14200 / tonne under pressure, with its center of gravity fluctuating up and down the daily moving average, followed by a center of gravity at $14200 / tonne. It closed at $14215 a tonne, up $205a tonne, or 1.46 per cent, from the previous day's settlement price, with a trading volume of 11975 hands and a 3716 increase in positions to 307000 hands. Lunni closed in the small balcony, the whole stand above the 20-day moving average, the sun showed a ladder upward trend for 4 consecutive days, today pay attention to the upper Boll line middle rail 14300 US dollars / ton near the resistance situation.
Today we look at Germany, France, the euro zone and the UK manufacturing PMI index for December, the New York Fed manufacturing index for December, and the initial Markit manufacturing PMI for December.
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