[brief Review of SMM Tin] the overall stability of tin high opening and low moving center of gravity in Shanghai period

Published: May 19, 2020 17:46

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SMM, May 19:

Shanghai tin 2007 contract last night after the opening of 131350 yuan / ton high, the overall maintenance in the daily average of 131000 yuan / ton near the shock finishing. After the opening of 131150 yuan / ton in early trading today, affected by the reduction of positions, Shanghai tin fluctuated all the way down to the intraday low of 130070 yuan / ton, and then the short sellers left Shanghai tin to explore the bottom and rebounded, finally closing at 130610 yuan / ton, showing a negative line. the lower shadow line is supported by the 5-10-day moving average, and it is expected that the lower support of Shanghai tin will be located around 128000 yuan / ton on the 20th day.

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