SMM, May 25:
After the opening of Shanghai tin 2007 contract last Friday night trading of 132700 yuan / ton, affected by the departure of bulls and some bulls increasing positions, it showed an overall upward trend and fell slightly after climbing to an intraday high of 134600 yuan / ton. After the opening of 134350 yuan / ton in morning trading today, it generally remained fluctuated around 134300 yuan / ton from morning trading to midday, then the bulls gradually reduced their positions, and Shanghai tin fell under pressure, and finally closed at 133360 yuan / ton, up 1650 tons, or 1.25%. The trading volume was 46192 lots, and the position was 26195 lots, a decrease of 1992 lots. Today, Shanghai tin closed with Xiaoyang line, the physical part is located near the 5-day moving average, the resistance above Shanghai tin is expected to be near the previous high of 136000 yuan / ton, and the lower support is around 129,000 million yuan / ton.
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