[SMM Nickel Morning News] Lunni showed a concussive upward trend yesterday and followed up on the $11900 / ton positional pressure situation.

SMM, 15 April:

Lunni yesterday for the first opening two days after the suspension, LME closed during the Shanghai Nickel maintained a high shock mode, Lunni opened at $11720 / ton yesterday, the overall shock upward trend. Before noon, Lunni rose to around $11820 / ton, under pressure downwards, and repeatedly scouted the position unsuccessfully before noon. In the afternoon, Lunni broke through the pre-afternoon high of $11860 / ton, then fell back under pressure, and fluctuated slightly in the $11780-11860 / ton range in the afternoon. Into the night, Lunni re-engraved the day trend, a sharp shock up 11900 US dollars / ton level, and finally closed at 11905 US dollars / ton, compared with the previous trading day settlement price rose 205 US dollars / ton, up 1.75%, trading volume increased by 903 hands to 6471 hands, position decreased by 1637 hands to 217060 hands. Lunni closed in the small balcony yesterday, Lunni closed for five consecutive trading days, the K column as a whole stood above the rail level of the boll line, the top $11900 / ton position under pressure, today Lunni opened at $11865 / ton, today pay attention to the operation of Lunni pressure level of $11900 / ton.

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