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[brief Review of lead in SMM period] Shanghai lead reports Sanlianyang to pay attention to the upper pressure level at night.
Jul 28,2020 15:55CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 28:

During the day, the 2009 contract for Shanghai lead opened at 15380 yuan / ton. In early trading, the overall pressure on Shanghai lead was 15470 yuan / ton, fluctuating at a high level above the daily moving average. In the afternoon, the bulls entered the market strongly, and the shock amplitude of lead in Shanghai relaxed slightly, reaching a high of 15560 yuan / ton, a low of 15320 yuan / ton, and finally closed at 15435 yuan / ton, an increase of 275 yuan / ton, or 1.81%. The position increased by 169lots to 23021 lots, and the trading volume increased by 14783 lots to 48414 lots. Shanghai lead jumped high and closed at Sanlianyang, standing above the 5-day moving average. At the same time, the 5-day moving average was above the 10-day moving average, the KDJ index was exposed upward, and the technical index showed a trend of more, but there was still a pressure line of 15540 yuan / ton above. And the fundamental consumption season has not yet arrived, downstream fear of falling carefully, to maintain rigid demand, there is no significant improvement in consumption, Shanghai lead uplink pressure is greater. At night, we should pay attention to whether the bulls can continue to drive Shanghai lead to break through the upper pressure level.

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