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[SMM Nickel Morning News] Lunni continues the upward trend and follows up on the support of the 60-day moving average to Lenny.
Apr 27,2020 08:54CST
The content below was translated by Tencent automatically for reference.

SMM, April 27th:

Lunni opened at 12170 US dollars / ton on Friday. The 5-day moving average was slightly lower. After the opening of the Asian market, Lunni moved upwards with Shanghai Nickel, breaking the 5 / 60 daily moving average of 12315 US dollars / ton. Then Lun Nickel concussion fell, giving up all previous gains to detect a low daytime low of 12045 US dollars / ton, which was supported and rebounded to the first line of 12150 US dollars / tonne, then fluctuated in a wide range of 12100-12200 US dollars / ton, rising 12250 US dollars / ton at the end of the day and finally closing at 12250 US dollars / tonne, up 65 US dollars / ton, or 0.53%, from the previous day's settlement price, and the trading volume decreased by 1302 to 3144 hands. Position reduction of 107hands to 221000 hands, Lunni closed at Xiaoyangzhu on Friday, K-pillar stood within the range of 5 / 60 daily moving average, shadow line probed into the 10-day moving average, Lunni opened at 12260 US dollars / ton today, standing on the 60-day moving average, and follow up on the support of the 60-day moving average.

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