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[brief Review of Tin in SMM] long and short leave Shanghai and Tin first rise and then suppress Yang Line to close up
Apr 20,2020 15:03CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 20 April:

After the Shanghai tin main force 2006 contract opened today, it was affected by the announcement of the 17th meeting of the standing Committee of the 13th National people's Congress and the sharp rise in nickel prices in Shanghai in the morning. At the beginning of the day, the short force left Shanghai and the tin rush rose to a high of 129490 yuan per ton in the day. Subsequently, some of the bulls made a profit and left the market, and the Shanghai tin pressure shock fell back, wiping out the previous nearly half of the increase, and finally closed with 128270 yuan / ton, up 130 yuan / ton, up 0.10%, trading volume 38648 hands, position 33744 hands, down 1006 hands. Shanghai tin closed today with a positive line, the physical part is supported by the 5-day moving average, the upper shadow line to the 60-day moving average, it is expected that the resistance above the Shanghai tin is near the integer gate of 130000 yuan / ton.

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