[SMM Nickel Morning Review] Lunni stands above the 5 / 10 moving average to explore the first line of US $11500 / ton.

Published: Apr 08, 2020 08:53 (GMT+8)

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SMM4, 8 March:

Lunni opened at $11320 a tonne yesterday. At the beginning of the session, Lunni rose to $11460 / tonne, the pressure shock fell back, the center of gravity fell to $11370 / tonne position, and then Lunni consolidated around that position. In the afternoon, Lunni shook up again. Before noon, the same high pressure fell slightly, and the first line of US $11400 / ton was supported. At the end of the day, Lunni went up through the daytime resistance level by US $11500 / ton, and above it faced 20 days of moving average resistance and pressure shock downward. Finally, it closed at US $11430 / ton, up US $150 / ton, or 1.33%, compared with the settlement price of the previous trading day. Trading volume increased by 3714 hands to 5928 hands. The position increased by 135 hands and 223000 hands. Lunni closed in the small pillar yesterday, the K column as a whole stood at the intersection of the 5 / 10 moving average and the 20-day moving average range, the uplink pressure is larger, today pay attention to the 20-day moving average under the pressure of Lunni.

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