SMM, 9 April:
Shanghai nickel 2006 contract opened today at 95600 yuan / ton, opened, mainly short positions, Shanghai nickel downward, the center of gravity around 95100 yuan / ton first-line narrow shock, the upper 95300 yuan / ton first-line pressure, the bottom 20 moving average near 94800 yuan / ton is supported, finally closed at 94970 yuan / ton, compared with the previous trading day settlement price rose 840 yuan / ton, up 0.89%, trading volume decreased 116000 to 372000 hands, position volume decreased 8696 to 99192 hands. Shanghai nickel closed in the small Yin column today, the K column as a whole stood above the 20-day moving average, the shadow line down 20-day moving average, the long-short game is obvious, follow-up attention to the 20-day moving average support.
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