Home / Metal News / Lead / [brief Review of lead in SMM period] can the 20-day moving average of Shanghai lead close with Erlianyin be supported?
[brief Review of lead in SMM period] can the 20-day moving average of Shanghai lead close with Erlianyin be supported?
Jul 23,2020 16:03CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 23:

During the day, the 2009 contract for Shanghai lead opened at 14835 yuan / ton. In early trading, Shanghai lead adjusted horizontally between the intraday moving average and the 20-day moving average. in the afternoon, Shanghai lead continued to fluctuate, with long and short games fierce, with high positions reaching 14915 yuan / ton and low positions reaching 14820 yuan / ton, basically getting rid of night lows. At the end of the day, it closed at 14850 yuan / ton, down 130 yuan / ton, down 0.87%, the position increased by 929 to 22654, and the trading volume increased to 20791. Shanghai lead closed at Erlianyin, generally supported by the 20-day moving average, the low adjustment of the pressure-bearing daily average is mainly, the KDJ index is exposed downwards again, while the 10-day moving average above is bent down, the pressure becomes heavier, and the technical surface has a negative trend, but considering the fundamental cost support of regenerated lead, and the downstream trading activity is better, it is expected that Shanghai lead will still test the support strength of the 20-day moving average at night.

Lead; lead brief Review
Evening News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news