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[brief Review of Tin in SMM] the influence of long and empty Power on the first suppression and then rise of Xi in Shanghai
Apr 8,2020 18:13CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 8 April:

Shanghai tin main force 2006 contract opened today morning 121350 yuan / ton, at the beginning of the day affected by the impact of short positions quickly fell to a daily low of 119540 yuan / ton, then long short left the market, Shanghai tin bottom rebounded and fluctuated all the way up, and finally closed up 122100 yuan / ton, up 0.71%, trading volume 30861 hands, position 34780 hands, an increase of 571 hands. Today, Shanghai tin closed at a small positive line, the lower shadow line is located near the 5-and 20-day moving average, the bottom is supported by the 10-day moving average, and the resistance above Shanghai tin is expected to be around 123000 yuan / ton.

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