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[SMM Tin Morning News] yesterday, Lunxi rose first and then suppressed the cross star. The long-empty game of tin night disk in Shanghai also showed a cross star.
Jul 15,2020 08:51CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15:

Lunxi trend: Lunxi electronic trading yesterday opened at 17275 US dollars / ton, with a maximum of 17400 US dollars / ton and a minimum of 17160 US dollars / tonne. It closed at 17285 US dollars / ton, down 95 US dollars / ton, or 0.55%. The turnover was 182 lots and the position was 16816 lots, a decrease of 525 lots. Yesterday's LME inventory was 3965 tons, unchanged from the previous value.

Lunxi opened at US $17275 / ton yesterday morning and lowered to US $17200 / ton in the morning. After that, the nearby market was arranged horizontally, trading was light, and in the afternoon it fluctuated upward, climbing to the intraday high of US $17400 / ton, peaking and falling back to US $17160 / ton. It then rebounded and fluctuated widely around US $17250 / ton, closing at US $17285 / ton, showing a cross star, and the physical part was supported by the five-day moving average. The upper pressure level is expected to be around $17450 / ton and the lower support level is around $17100 / ton, the 10-day moving average.

Shanghai tin trend: Shanghai tin main 2009 contract opened last night at 142510 yuan / ton, the highest 143110 yuan / ton, the lowest 142170 yuan / ton, closing at 142430 yuan / ton, down 310 yuan / ton, 16419 hands, 30020 positions, an increase of 237 hands.

Last night, Shanghai tin opened at 142510 yuan / ton, slightly fluctuated downwards after opening, then rebounded and swung sideways under the influence of the long short game, and the bulls left at the end of the day. Shanghai tin fell to a night low of 142200 yuan / ton, closing at 142430 yuan / ton, showing a cross star. The lower support level is expected to be near the 10-day moving average of 141000 yuan / ton, and the upper pressure level is expected to be around 143000 yuan / ton.

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