SMM, July 20th:
Last Friday, Lun lead opened at US $1839.5 / tonne. In Asian session, Lunlun lead fluctuated downwards, reaching a low around US $1830 and entering the European session. Lun lead stabilized and recovered its decline, but at the end of the day, Lun lead dived downwards. it was finally reported at $1813.5 / ton. Lun lead high successive pullback, the upward trend is blocked, short-term focus on the 20-day line support.
Last Friday, Shanghai lead opened at 14905 yuan / ton. At the beginning of trading, Shanghai lead weakened rapidly, reaching a low of 17,690 / ton, a technical break, and finally closed at 14720 yuan / ton, down 1.37%. Shanghai lead high close 5 consecutive overcast, technical breakage, short-term attention to the 40-day line support.
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