Home / Metal News / Nickel / [SMM Nickel Morning News] Lunni was under pressure of $11300 / ton yesterday. The first line shock opened above the position today. Follow up on the position support.
[SMM Nickel Morning News] Lunni was under pressure of $11300 / ton yesterday. The first line shock opened above the position today. Follow up on the position support.
Apr 7,2020 08:56CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 7-

Lunni opened yesterday at $11225 / tonne, before noon, Lunni around $11260 / tonne narrow shock, above $11280 / tonne position under pressure, repeatedly failed to find out the position. In the afternoon, the center of gravity of Lunni remained unchanged and the amplitude increased, with a range of US $11200-11300 / ton. At the end of the day, the center of gravity of Lunni rose slightly, with a narrow range of fluctuations around the intersection of $11290 / 10 moving average of $11300 / tonne until the close, and finally closed at $11280 / tonne, up $80 / tonne or 0.71% from the settlement price of the previous trading day, trading volume decreased by 1436 hands to 2214 hands and position volume decreased by 2975 hands to 222525 hands. Lunni closed yesterday at a small balcony, above the K column under pressure 5 / 10 moving average crossing, Lunni opened at $11320 / tonne today, follow up on the lower $11300 / tonne level support.

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