[SMM Nickel brief Review] the capital market continues to pull up Shanghai Nickel upstream breaking technology for multi-short-term concern positions.

Published: Jul 6, 2020 17:42

SMM, July 3:

Today, the main 2010 contract of Shanghai Nickel opened at 105120 yuan / ton. after a brief horizontal trading shock after the opening, the bulls increased their positions to make Shanghai Nickel cross the daily moving average station on the first line of 105200 yuan / ton. in the second trading session of the morning market, bulls increased their positions, so that Shanghai Nickel fluctuated at 107200 yuan / ton after a sharp rise, with a peak of 107500 yuan / ton, a new high after the Spring Festival. In the afternoon, only a few of the main positions left the market. Although Shanghai Nickel once fell 107000 yuan / ton, it still rose and closed at 107110 yuan / ton in late trading, closing up 2740 yuan / ton, or 2.63%. The trading volume was 712363 lots, and the position increased by 33735 lots to 127788 lots. Today, under the lead of the bulls, Shanghai Nickel's position continues to increase greatly, and the breakthrough momentum continues unabated after standing on the boll line. Today, there is no new news from the fundamentals, the main reason for the sharp rise is the presence of a large number of positions in the capital market and the continued release of long energy. Shanghai nickel broke upward after three months of trading, but the negative fundamentals made it difficult for the nickel market to continue to rise, so it is still necessary to pay attention to the changes of various technical indicators in the short term. At present, the third line of Shanghai Nickel KDJ starts upward, MACD green column continues to enlarge after turning red, short-term cautious bearish, pay attention to the pressure of 108500 yuan / ton above at night, and continue to pay attention to the change of the main position.

 

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[SMM Nickel brief Review] the capital market continues to pull up Shanghai Nickel upstream breaking technology for multi-short-term concern positions. - Shanghai Metals Market (SMM)