[brief Review of SMM Aluminum] the main force has refreshed the new high in more than two months and recorded five Lianyang.

Published: May 19, 2020 17:34
The main force has set a new high in more than two months and recorded five Lianyang.

SMM, May 19:

Shanghai Aluminum's main 2007 contract opened at 12870 yuan / ton in the morning, fluctuated and climbed high at the start of trading, rising all the way up, reaching a high of 12980 yuan / ton in the second trading stage, refreshing the highest level in more than two months, and continuing to rise less than. In the afternoon, the high level fell back, concussion all the way down, giving up some of the gains, the low fell to 12825 yuan / ton, the trading volume closed horizontally at 12850 yuan / ton, and the trading volume decreased by 6118 to 131000 hands. The position decreased by 2965 to 157000 to close at Xiaoyang line, recording Wulianyang, and the daily MACD red line was lengthened. It is expected to continue to test the resistance at the upper Wan San gate at night, focusing on long positions at night and changes in market trading sentiment. (SMM Xu Man 021 Mel 51595898)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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