SMM, June 2:
The overnight Shanghai Nickel 08 contract opened low at 102850 yuan / ton, continuing the daily downward trend, probing down 102100 yuan / ton, and then long positions dominated Shanghai nickel shock uplink, 102000 yuan / ton position pressure short-term fluctuation operation broke through resistance to 103100 yuan / ton after operation, bulls left the market at the end of the day, Shanghai nickel fell slightly, and finally closed at 102820 yuan / ton, down 430 yuan / ton compared with the previous trading day, down 0.42%. The turnover was 258000 lots, and the position decreased by 1058 lots to 110000 lots. Overnight, Shanghai Nickel closed at the Yin Cross Star and stood firmly above the moving average. Today, we are concerned about the consolidation of the position where Shanghai Nickel is under pressure of 104000 yuan / ton.
Lunni jumped high at 12400 US dollars / ton yesterday and showed an upward trend after a slight shock at the beginning of the day. Lunni had reached around 12600 US dollars / ton in the afternoon and continued to reach the intraday high of 12680 US dollars / ton in the afternoon before falling under pressure. When entering the European trading session, Renni had fallen back to around US $12550 / tonne. With the low level of the US dollar rebounded after the announcement of the manufacturing PMI of European countries, Lunni pressure continued to give up the rise to around US $12430 / ton and stabilized, and the center of gravity rebounded to the first line of US $12480 / tonne. After the short-term narrow shock, it fell again to yesterday's low of US $12400 / tonne, the US dollar index fell at 21:00 at night, and Rennick rebounded to US $12630 / tonne. At the end of the day, the pressure fell slightly and closed at 12595 US dollars / ton, up 1.65% from the settlement price of the previous day. The trading volume was 8632 lots, and the position increased by 917 lots to 212000 lots. Lunni closed at Xiaoyang Pillar yesterday, K-column stood above multiple moving averages, above the pressurized Boll line, Lunni opened at US $12585 / tonne today, and then watched the pressure of Lenny at US $12600 / tonne.
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