[brief Review of SMM] pressure at the level of 98000 yuan / ton above Shanghai Nickel Daytime shock Operation

SMM, 15 April:

Shanghai Nickel 2006 contract opened at 97180 yuan / ton today, opening to 10: 30: 30, Shanghai nickel as a whole to long increase and decrease led nickel price fluctuations, around the daily average 97300 yuan / ton position narrow volatility, operating in the 5 / 40 day moving average range, then the center of gravity rose slightly to 97500 yuan / ton, narrow fluctuation to the close of morning trading. In the afternoon, the bulls significantly increased their positions, Shanghai nickel rose through the 40-position moving average pressure of 98700 yuan / ton, the position of long positions reduced, nickel prices fell, and finally closed at 97240 yuan / ton, compared with the settlement price of the previous trading day rose 490 yuan / ton, up 0.51%, trading volume decreased by 52000 hands to 337000 hands, position volume increased by 4765 hands to 109235 hands. Shanghai Nickel closed today in the long shadow line Yang Cross, the shadow line pierced the 40-day moving average, the lower 5-day moving average is supported, follow-up attention to the Shanghai Nickel pressure 40-day moving average of 98000 yuan / ton. Today, the delivery date of the Shanghai Nickel 2004 contract, the Shanghai Nickel 2004 contract opened at 97000 yuan / ton today, the trading volume decreased by 282 hands to 426 hands, the position increased by 198 hands to 5850 hands, and the actual delivery volume was 5850 tons. The settlement price is 97470 yuan per ton.

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