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[SMM stainless Steel Review] SS2007 contract slightly weakens the shadow line to explore the 5-day moving average.
May 13,2020 17:57CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 13: [SMM stainless steel review] SS2007 contract night session opened at 13465 yuan / ton, the center of gravity around the daily average of 13500 yuan / ton horizontal shock, and finally closed at 13505 yuan / ton. The stainless steel SS2007 contract opened at 13485 yuan / ton. At the opening of trading this morning, Shanghai nickel and other non-ferrous metals generally fell. Stainless steel fell below the 13500 yuan / ton mark at the beginning of the day and fell to the bottom of the 5-day moving average for support. Then it rebounded slightly and returned to 13500 yuan / ton, with strong upward resistance. The afternoon pressure of 13500 yuan / ton was fluctuated above the 13400 yuan / ton line, and finally closed at 13505 yuan / ton. Compared with the settlement price of the previous trading day, the settlement price fell 75 yuan / ton, or 0.55%. The daily trading volume decreased by 10192 hands to 28722 hands, and the position decreased by 696 hands to 53763 hands. Throughout the day, the SS2007 contract closed in the small balcony, above the pressure of 13500 yuan / ton pass, the shadow line down the 5-day moving average level, temporary support, interval concussion, follow-up attention to the stainless steel SS2007 contract below the 5-day moving average level support.

 

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