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[brief Review of SMM Tin] Shanghai tin was a cross star last night after it was first suppressed during the day and then during the day.
Jul 9,2020 17:14CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 9:

The main tin 2009 contract in Shanghai opened at 141100 yuan / ton last night, showing a trend of rising first and then suppressing it. After the opening, under the influence of bulls entering the market, it fluctuated slightly upward, hitting the intraday high of 141490 yuan / ton, followed by a pullback and horizontal finishing. It closed at 140950 yuan / ton. It opened at 141040 yuan / ton in the morning, and then, mainly under the influence of bulls leaving the market, Lunxi slightly shook down to the intraday low of 139700 yuan / ton, rebounded to the bottom and rose to 141370 yuan / ton, followed by a pullback to close at 140880 yuan / ton, down 270yuan / ton, or 0.19%. 33043 hands were traded, 30074 positions were held, and 525 hands were reduced. It is a cross star, the 5-day moving average support is received above the solid part, and the 10-day moving average support is received on the lower shadow line. it is estimated that the upper pressure level is located at 142000 yuan / ton, and the lower support level is located at 139500 yuan / ton 10-day moving average.

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