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[brief Review of Tin in SMM period] long and short Power to reduce its position in Shanghai period, Xi first and then suppress
Apr 1,2020 17:17CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 1-

Shanghai tin main force 2006 contract opened today morning 120730 yuan / ton, the beginning of the short position reduction affected by the concussion upward trend, the highest up to the day high 122780 yuan / ton, then the bulls left Shanghai tin pressure fell back, erased most of the previous decline, and finally closed at 121290 yuan / ton, up 640 yuan / ton, up 0.53%, trading volume 44713 hands, position 38120 hands, reduced 1570 hands. Today, Shanghai tin by short and long forces have reduced the impact of the overall state, to a small positive line close, located between the 5 and 20 moving average, short-term attention to Shanghai tin above can effectively break 123000 yuan / ton near the resistance barrier, the lower support is expected to be located in the 5-day moving average and integer level 118000-120000 yuan / ton.

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