[SMM stainless Steel Futures Review] after the SS2007 contract shot up and fell back, the market focused on the 5-day moving average support.

Published: May 19, 2020 20:34

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SMM, May 19:

[SMM stainless Steel Review]

SS2007 contract night trading opened at 13465 yuan / ton, after the opening center of gravity around the daily moving average slightly fluctuated, and then strengthened to 13545 yuan / ton first line, and finally closed at 13510 yuan / ton.

Stainless steel SS2007 contract opened at 13530 yuan / ton. At the beginning of the day, it fluctuated slightly around 13500 yuan / ton, and rose 13600 yuan / ton at 10:00. Subsequently, the SS2007 contract reversed a sharp decline, falling below 13500 yuan / ton, down 13400 yuan / ton line, below the 10-day moving average was supported, slightly revised, and finally closed at 13455 yuan / ton, up 60 yuan / ton, or 0.45%, compared with the previous trading day, the daily trading volume decreased by 391 to 25491, and the position decreased by 1042 to 53618. Throughout the day, the SS2007 contract closed at the Yin Cross, the lower shadow line pierced the 5-day moving average, close to the 10-day moving average, and the overall center of gravity was 13500 yuan / ton, paying attention to the support of tomorrow's 5-day moving average.

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