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[brief Review of Aluminum in SMM] the intra-day trading atmosphere is relatively flat and the upside space is expected to be limited in the evening.
May 7,2020 17:59CST
translation
Source:SMM
The intra-day trading atmosphere is relatively dull and the upside space is expected to be limited in the evening.
The content below was translated by Tencent automatically for reference.

SMM, May 7:

The Shanghai aluminum main force 2007 contract opened at 12550 yuan / ton in the morning. At the beginning of the day, the aluminum price briefly rose 12620 yuan / ton, and continued to have a greater upward resistance. Then the high level fluctuated all the way down, probing down 12410 yuan / ton in the afternoon and 12500 yuan / ton on the K line in the last 5 minutes. Today, it closed in the small negative line, basically giving up most of yesterday's increase, closing at 12460 yuan / ton, down 125 yuan / ton, down 0.99%. Trading volume increased by 8639 hands to 80385 hands, position volume of 3591 to 131000 hands, daily KDJ three-line polymerization down, MACD red line shortened. Today's market trading atmosphere is relatively dull, in view of the forward consumer side there are some short expectations, the main trend is not strong, it is expected that the upstream space at night is limited. (SMM Xuman 021-51595898)

Evening news

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