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[SMM tin brief review] Today, Shanghai tin rose slightly and then fluctuated downwards to test the support level of 140000 yuan / ton.
Jul 20,2020 16:33CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 20:

Shanghai tin 2009 contract opened last Friday night at 141200 yuan / ton, after the opening shock down to 140110 yuan / ton, followed by horizontal concussion, after a slight reduction in late trading to give up the decline. It opened at 140890 yuan / ton in the morning, and the bears left the market after opening. The tin concussion of Shanghai period rose to the intraday high of 141360 yuan / ton. After peaking, the bulls left the market, and the tin of Shanghai futures fluctuated all the way down. The lowest point of the day was 139690 yuan / ton. After hitting the bottom, the bears made profit and took profits. It rebounded slightly to close at 140280 yuan / ton, down 920 yuan / ton, or 0.65%. 38919 hands were traded, 27289 positions were held, and 1346 hands were reduced, showing a negative line. The upper part of the entity is under pressure at the 5-day and 10-day moving average, and the lower support is expected to be near the 10-day moving average of 140000 yuan / ton.

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