[brief Review of SMM Tin] the alternation of multiple short positions affects Changyang in Shanghai tin day.

Published: Jul 13, 2020 17:05 (GMT+8)

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SMM, July 13:

The main 2009 contract of Shanghai tin opened at 138900 yuan / ton last Friday night, the short sellers took profits and left the market, and Shanghai tin fluctuated all the way up. It opened at 141700 yuan / ton in the morning, and then continued the rally in the night trading last Friday, and the bulls actively entered the market. After the opening, it rose sharply to the day's highest point of 144570 yuan / ton, and then swung with the nearby horizontal market, closing at 143900 yuan / ton, up 5000 yuan / ton, or 3.60%. The trading volume was 55839 hands, 30470 positions, an increase of 903 hands, showing a long positive line. If it can effectively break 145000 yuan / ton and stabilize, the next pressure level is expected to be around 146500 yuan / ton.

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