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[brief comment on SMM] Nickel in Shanghai shows a concussive downward trend during the day. The lower track of the Boll line is supported and rebounded.
Apr 13,2020 17:12CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 13 April:

Shanghai Nickel 2006 contract opened today at 97100 yuan / ton, the beginning of the session slightly fell 96800 yuan / ton, was supported to rebound to 97500 yuan / tonnage, pressure fell back to below the daily average line, the center of gravity around the 97000 yuan / ton barrier position narrow range shock. In the afternoon, Shanghai nickel fell again, mainly long positions, Shanghai nickel day low 96020 yuan / ton, this position was boll line rail support rebounded, and finally closed at 96430 yuan / ton, compared with the settlement price of the previous trading day fell 630 yuan / ton, down 0.65%, trading volume decreased 137000 hands to 346000 hands, position volume reduced 6153 hands to 100998 hands. Shanghai nickel closed in the small negative column today, the shadow line down to explore the Boll line middle rail, the top is faced with 98000 yuan / ton level, follow-up attention, Shanghai nickel can continue the upward trend, stand on the gate position.

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