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[brief Review of lead in SMM period] Shanghai lead reported to close Xiaoyang Line has limited room for downward movement of Shanghai lead center of gravity at night.
May 29,2020 18:32CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, May 29th:

During the day, the main contract of Shanghai lead opened at 14235 yuan / ton, the short position increased at the beginning of the session, and the center of gravity of Shanghai lead moved down to 14125 yuan / ton. then the daily average of Shanghai lead pressure fluctuated around 14185 yuan / ton, and finally closed at 14220 yuan / ton, down 60 yuan / ton, down 0.42%. The position decreased by 2181 to 26473, and the trading volume increased by 3647 to 25610. Shanghai lead closing Xiaoyang line, the center of gravity of the daily K line continues to move downward, the upper pressure bearing 5-day moving average, and the lower 10-day average as the support, considering the trend of the outer disk after the European period, the downward movement of the center of gravity of Shanghai lead at night is limited.

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

 

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