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[SMM tin brief review] bulls continue to enter Shanghai tin market to reach the highest point this year.
Jul 6,2020 17:22CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 6:

Shanghai tin 2009 contract last Friday night trading at 140050 yuan / ton, night trading to maintain a small horizontal concussion. Opened at 139800 yuan / ton in the morning, briefly maintained the volatility of the night market last Friday, under the influence of the continued entry of bulls, Shanghai Fuxi fluctuated all the way up, hitting the highest point of 142650 yuan / ton so far this year, and then arranged horizontally nearby. It closed at 142380 yuan / ton, up 2590 yuan / ton, up 1.85%, 31641 hands traded, 32211 positions, an increase of 3050 hands, showing a long positive line, and the physical part is above all moving averages. Today, the tin above Shanghai Stock Exchange has broken through all the platforms of the year, approaching the high point of September last year, and has broken through the Bollinger belt on the track. Since the beginning of April, Shanghai tin has been steadily moving upward near the 5-day moving average, and the rising trend has not declined. It is necessary to continue to observe the follow-up situation. If it stabilizes effectively below, it is expected to hit a high of 143600 yuan / ton in September last year. no, no.

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