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[brief Review of lead in SMM period] Shanghai lead receiving er Lianyang is expected to remain strong in the short term.
Jul 9,2020 16:03CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 9:

During the day, the main 2008 contract of Shanghai lead opened at 14855 yuan / ton. In early trading, non-ferrous metals generally rose. Shanghai lead rose all the way with the metal plate, reaching 15015 yuan / ton near noon. At the Wanwu integer gate, some bulls made profits and gave up some of the gains. It was supported near 14930 yuan / ton and rebounded again. In the afternoon, the Shanghai Composite Index rose sharply, and the Shanghai lead bulls entered the market strongly, followed by the upside, further pulling the Shanghai lead to an intraday high of 14145 yuan / tonne. At the end of the session, some bulls made a profit, closing at 15075 yuan / ton, up 235 yuan / ton, or 1.58%. The position decreased by 40 to 25675, and the trading volume increased by 11015 to 34010. Shanghai lead recorded Erlianyang, thoroughly stood on the 5-day moving average, active trading, KDJ indicators have also been opened upward, the overall technical side is more, but the top of Shanghai lead is under the pressure of 15180 yuan / ton, and the bulls reduce their positions in the high position, it is necessary to pay attention to whether the bulls enter again at night, it is expected that Shanghai lead will be dominated by high shock. It should also be noted that the price difference between 07 contracts and main contracts widened from 270 yuan / ton to 390 yuan / ton, while the warehouse receipt inventory increased by only 101 tons today. The warehouse receipt inventory of less than 20, 000 tons does not match the position of nearly 8000 hands of the 07 contract in that month. It is expected that Shanghai lead will remain strong in the short term.

Lead; lead brief Review
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