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[brief Review of SMM Tin] the center of gravity of the long and short force increasing warehousing of tin 2007 contract in Shanghai period has shifted upward.
May 6,2020 17:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 6 May:

Shanghai tin main force 2007 contract opened 127400 yuan / ton early today, the beginning of the day by the impact of long positions quickly rose to a day high of 129700 yuan / ton. Then short into the market, Shanghai tin market under pressure to fall back, and finally closed at 128680 yuan / ton, up 1290 yuan / ton, up 1.01%, trading volume 35848 hands, position 29402 hands, an increase of 989 hands. Today, Shanghai tin closed at a small positive line, the physical part is located near the 5-day moving average, the bottom is supported by the 60-day moving average, it is expected that the resistance above the Shanghai tin main force 2007 contract is near the integer level of 130000 yuan / ton in the short term, if broken, the next resistance is near the previous high point of 132000 yuan / ton.

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