On the 29th of the month of SMM7:
During the day, the 2009 contract for Shanghai lead opened at 15485 yuan / ton. In early trading, Shanghai lead was under overall pressure of 15525 yuan / ton, with the daily moving average as the support for high concussion. In the afternoon, bulls increased their positions, driving Shanghai lead up to a high of 15580 yuan / ton since December 2019, but did not stand firm. Bulls saw that the upside had no hope of falling into the bag. Shanghai lead gave up some of its gains, closing at 15555 yuan / ton, up 185yuan / ton, or 1.2%. The position increased by 656 to 23677, and the trading volume decreased by 17032 to 31382. Shanghai lead closed at 4 Lianyang, basically broke through the previous 15540 yuan / ton pressure line, k-line center of gravity moved up, KDJ indicators further upward exposure, overall more technical aspects, but taking into account the fundamentals of the peak season is approaching, consumption expectations are good, Shanghai lead is expected to maintain a volatile trend in the short term, night attention to whether the bulls can further reach the short-term target of 15600 yuan / ton.
