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[brief comment on tin in SMM period] the overall stability of tin center of gravity in Shanghai period
Apr 16,2020 17:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 16 April:

Shanghai tin main force 2006 contract opened 125960 yuan / ton early today, at the beginning of the day affected by the impact of short positions fell to a daily low of 124850 yuan / ton after rebounding, and then until the close of Shanghai tin maintained an overall daily average of 125500 yuan / ton shock finishing, the end of the day pulled up, and finally closed at 126180 yuan / ton, down 740 yuan / ton, down 0.58%, trading volume 28277 hands, position 34401 hands, an increase of 247 hands. Today, Shanghai tin closed at a small positive line, above the pressure in the 5-day and 60-day moving average near, it is expected that the short-term Shanghai tin resistance is near the previous high of 129000 yuan / ton, the lower support is near the 10-day moving average of 123900 yuan / ton.

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