[brief Review of Nickel in SMM] Shanghai Nickel falls below 105000 yuan / ton above the first Line faces 5 / 10 moving average Cross Resistance

SMM, 19 Feb:

The Shanghai Nickel 2004 contract opened at 104430 yuan / ton today. At the beginning of the session, Shanghai nickel rose slightly to the pressure near the intersection of the 5 / 10 moving average, then fluctuated all the way down, and fell below the daily average and 104000 yuan / ton in turn. In the afternoon, it continued to decline near the closing price of 13650 yuan / ton, and finally closed at 103810 yuan / ton, down 620 yuan / ton, or 0.59%, from the settlement price of the previous trading day. Trading volume decreased by 82000 hands to 195000 hands, position increased by 2748 hands to 126926 hands. Shanghai nickel closed today in the small negative column, K column fell below the 5 / 10 moving average crossing, facing overlapping pressure, the center of gravity from the previous trading day 105000 yuan / ton down to 104000 yuan / ton, fell to nearly two weeks shock range low, tomorrow pay attention to Shanghai nickel below 103000 yuan / ton position support.

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