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[brief Review of SMM Aluminum] when the price difference widened the next month, Shanghai Aluminum quickly broke Wanshui.
Jul 1,2020 16:55CST
translation
Source:SMM
When the price difference widened the next month, Shanghai Aluminum quickly broke Wanshui.
The content below was translated by Tencent automatically for reference.

SMM, July 1:

The 2008 contract of Shanghai Aluminum opened at 13900 yuan / ton in the morning. After the opening, the bulls strongly increased their positions, helping the market to rise steadily, closing at 13965 yuan / ton in the afternoon. Shanghai Aluminum continued to rise, feeling as high as 14050 yuan / ton, closing at 14030 yuan / ton, up 200 yuan / ton, or 1.45%. The trading volume increased by 9984 to 101000, and the position increased by 3179 to 168000, mainly by long positions. Day K line close a big positive line, the top touch Brin on the track, daily KDJ three lines continue to rise. Within the day when the contract price spread widened again, as of the daytime close expanded to 250 yuan / ton, with the support of the warehouse, spot tension driven futures rise logic continued, it is expected that the recent trend of Shanghai aluminum is still likely to rise, there may be a pullback at night, but the range is expected to be limited, it is expected that the main even night shock runs at 13690rel 14150 yuan / ton.

(SMM Li Hao 021Mui 5166 6863)

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