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[brief Review of SMM] Operation of Shanghai Nickel diurnal wide range shock 5 / 10 moving average
Apr 1,2020 17:26CST
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Source:SMM
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SMM, April 1-

Shanghai Nickel 2006 contract opened today at 92600 yuan / ton, opening short reduction, Shanghai nickel pulled up to a daytime high of 93300 yuan / ton line, pressure fell back, and then Shanghai nickel around the center of gravity 92800 yuan / ton position wide shock, shock range for the 5 / 10 moving average range. In the afternoon, Shanghai nickel fell below the 92600 yuan / ton resistance of the 5-day moving average to 92400 yuan / ton, revised slightly at the end of the session, and finally closed at 92680 yuan / ton, down 140yuan / ton, down 0.15% from the settlement price of the previous trading day. Trading volume increased by 41000 hands to 442000 hands, position decreased by 9121 hands to 83435 hands. Shanghai nickel today in the small positive column, K column station in the 5 / 10 moving average range, from the daily K line can be seen, Shanghai nickel in the past two weeks are basically running in the 91000-94000 yuan / ton range, if there is no big change in the fundamentals in the short term, Shanghai nickel may temporarily maintain a wide range of oscillatory operation.

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