SMM, July 31:
The main 2010 contract of Shanghai tin jumped short at 146890 yuan / ton last night, rose slightly after the opening, and reached the highest point of 147210 yuan / ton in the day. Then the bulls left the market, concussed all the way down, and explored the lowest point of 145220 yuan / ton in the day. After hitting the bottom, it rebounded and continued wide concussion. It opened at 145580 yuan / ton in the morning and continued to fluctuate at night after the opening. After the short sellers left the market in the afternoon, the tin price fluctuated up and recovered some of the decline. it closed at 146620 yuan / ton, down 660 yuan / ton, or 0.45%. There were 49625 lots, 25542 positions, a decrease of 902 hands, a cross star, and the physical part was located between the 5-day and 10-day moving average. the upper shadow line is under pressure near the 5-day moving average of 147300 yuan / ton. The pressure level near the upper test 5-day moving average is 173000 yuan / ton, and the lower support level is expected to be around 145200 yuan / ton.
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