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[SMM stainless Steel Futures Review] the trend of SS2007 contract is stable at 13,200, 13300 yuan / ton range today.
May 25,2020 16:21CST
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Source:SMM
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SMM May 25th: [SMM stainless steel futures review] SS2007 contract opened at 13235 yuan / ton, the center of gravity moved slightly higher than the night session, the whole around the 20-day moving average near a narrow shock, the top 13300 yuan / ton line facing resistance, pressure zone shock. Throughout the day, the trend of the stainless steel contract was relatively stable, with fluctuations in the range of 13,200, 13,300 yuan / ton, and finally closed at 13255 yuan / ton, down 80 yuan / ton, or 0.6%, compared with the settlement price of the previous day. The daily trading volume decreased by 20352 to 23862, and the position decreased by 9431 to 37684. Throughout the day, the SS2007 contract closed at Xiaoyangzhu, the K-column has completely fallen below the 5 / 10 moving average, punctured below the 20-day moving average, and the shadow line was temporarily supported by exploring the middle position of the Boll line. Today, the trend of stainless steel and Shanghai nickel is relatively stable, and the follow-up attention will be paid to the support of the middle rail under the stainless steel contract.

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