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[brief Review of lead in SMM period] Xiaoyang Line pays attention to whether Shanghai lead can stabilize its 5-day moving average at night.
May 28,2020 17:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, May 28th:

During the day, the main contract for Shanghai lead opened at 14275 yuan / ton, and the entry of long funds at the beginning of the session pushed the center of gravity of lead prices up to around 14340 yuan / ton, hitting an intraday high of 14380 yuan / ton during the period, and finally closed at 14305 yuan / ton, down 65 yuan / ton, down 0.45%. The position decreased by 72 hands to 28655 hands. Shanghai lead closed on the Xiaoyang line, the long and short sides played a game near the 5-day moving average, considering that the trend of Lun lead was weak after the European period, and pay attention to whether Shanghai lead can stand firmly on the 5-day moving average at night.

(Shanghai Nonferrous net Liu Lin Tel: 021 Murray 51666771)

 

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