[brief Review of lead in SMM period] the sharp fall in lead in Shanghai pays attention to whether the 20-day moving average can be supported at night.

SMM7 March 16:

During the day, the 2008 contract for Shanghai lead opened at 15145 yuan / ton. In early trading, after Shanghai lead rose slightly to an intraday high of 15175 yuan / ton, with the Shanghai Composite Index falling all the way, it was adjusted horizontally by the first line of support of 14900 yuan / ton in the afternoon, closing at 14890 yuan / ton, down 480 yuan / ton, or 3.12%. The position decreased by 1828 to 20178, and the trading volume increased by 22737 to 18358. Shanghai lead closed the Changyin line, falling below the 5-day moving average and 10-day moving average one after another. Due to a sharp correction in the Shanghai and Shenzhen stock markets, long funds have been evacuated one after another, and Shanghai lead once again fell into the gap of 14395 yuan / ton in the Spring Festival. It is still doubtful whether the 20-day moving average can be maintained at night. In addition, 07 contract delivery was completed, 08 contract became the same month's contract, the main force transferred to the distant month, 08 contract position decreased sharply, 09 contract position increased by 625 hands to 17669 hands.