[SMM Tin Morning News] overnight Lunxi rushes high and falls back to the small positive line to close up.

Published: Apr 24, 2020 09:27

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SMM4, 24th:

Trend: Lunxi electronic market yesterday opened at $14900 / tonne, as high as $15325 / tonne, as low as $14900 / tonne, closing at $14980 / tonne, up $115 / tonne. 285 hands were traded throughout the day, and 17275 hands were held, a decrease of 483hands. Stocks were 6185 tons, 140 tons less than in the previous period. Lunxi electronic disk yesterday $14900 / ton after the opening of the Asian session to the beginning of the European market, affected by the overall concussive upward trend of the domestic Asian market, climbing to a daily high of $15325 / ton after the pressure fell back, and erased most of the previous gains, and finally closed at $14980 / ton, showing a small positive line, the upper part of the entity part of the pressure in the vicinity of the 5-10 moving average, the upper film line is longer in the 40-day moving average support. Resistance above Lunxi is expected to be near the 60-day moving average of $15600 per tonne.

Transaction in Shanghai Stock Exchange Price Forecast Morning News

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