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[brief Review of lead in SMM period] High level shock of lead in Shanghai in the near future or under the test of gate support
Apr 2,2020 16:36CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 2-

Within the day, the Shanghai lead main force 2005 contract opened at 13740 yuan / ton, at the beginning of the day, the non-ferrous metal collective weakened, Shanghai lead once probed down to 13520 yuan / ton, later boosted by the strengthening of crude oil prices, Shanghai lead continued to shock and climb, recover the intraday decline, the center of gravity moved up, and finally closed at 13790 yuan / ton, down 25 yuan / ton, down 0.18%, position reduced by 246 hands to 23955. Shanghai lead newspaper closed down the shadow Xiao Yang line, maintain a high shock situation, although the short-term moving average to maintain the upward trend, but the fundamentals do not have a new bright spot, the near future or test below 13500 yuan / ton platform support.

In addition, according to the announcement of the previous issue, there has been no night trading in Shanghai since February 3, and the recovery time has yet to be determined.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)

 

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