SMM, May 20:
Shanghai Aluminum's main 2007 contract opened at 12830 yuan / ton in the morning, the early shock uplink briefly touched 12925 yuan / ton, then sank slightly to near 12850 yuan / ton, and then the second wave of upside in the second trading phase began. The high point finally reached 12935 yuan / ton, the end of the day sank, closing at 12875 yuan / ton, the daily trading volume closed flat, the trading volume decreased by 40162 to 91086, the position increased by 2960 to 160000, and closed at the Xiaoyang line, recording six Lianyang. The center of gravity is above all moving averages. Judging from the trend of the K-line, there is still resistance at the Wansan pass above, and the center of gravity on the Yang line goes up slowly, touching the Brin upper trajectory. It is expected to continue to explore the size of the upper space at night. Pay attention to market trading sentiment and changes in long short positions at night. (SMM Xu Man 021 Mel 51595898)
