SMM, May 26th:
During the day, the main 2007 contract of Shanghai lead opened at 14320 yuan / ton, the pressurized daily moving average was weak and fluctuated, during which it was as low as 14200 yuan / ton, and the bulls were not willing to leave the market. It finally closed at 14310 yuan / ton, up 75 yuan / ton, or 0.53%. The position decreased by 817 hands to 28640 hands. Shanghai lead newspaper closed the lower shadow Xiaoyin line, 5-day moving average support is still effective, medium-and short-term daily moving average trend is slower, fundamental support is weak, but the financial strength can not be ignored, the recent caution of high short selling.
(Shanghai Nonferrous net Liu Lin Tel: 021 Murray 51666771)