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[brief Review of lead in SMM period] the main capital of Shanghai lead closing Wulianyin gradually moved backward.
Jul 7,2020 16:54CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, March 7:

During the day, the main 2008 contract of Shanghai lead opened at 14625 yuan / ton, early trading, short positions increased, and the price of Shanghai lead fluctuated horizontally near 14618 yuan / ton below the daily average line. Near noon, the intraday low price of 14585 yuan / ton was detected, and the short sellers made a profit. Shanghai lead rose all the way, rising to a high of 14710 yuan / ton in the afternoon, blocked by the 5-day moving average, bears re-entering every high, and the long-short game was fierce. Shanghai lead fluctuated sharply along the daily average line and ended at 14670 yuan / ton. It rose 20 yuan per ton, or 0.14%. The position decreased by 1062 to 25808 lots, and the trading volume increased by 690 lots to 20487 lots. During the day, the overall strength of the long and short is evenly matched, and the Shanghai lead fluctuates sharply between the 5-day moving average and the 10-day moving average, recording 5 consecutive overcast, but the center of gravity of the k-line moves upward, the opening of the KDJ index is converged, and the technical aspect is supported by 14650 yuan / ton. It is expected that the Shanghai lead will still adjust between the 5-day moving average and the 10-day moving average at night. It is worth noting that the position of the main 08 contract decreased significantly, 09 contract and 10 contracts increased the position by more than 300 hands, indicating that the main capital gradually began to move backward, and the price difference between the main 08 contract and 09 contract has shrunk from around 100 yuan yesterday to 80 Mustang 85 yuan today.

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