LME Lead Traded in the Doldrums Overnight, Recording a Bearish Candlestick [SMM Lead Morning News]

Overnight, LME lead opened at $1,986/mt, trading in the doldrums during the Asian session. Upon entering the European session, it hovered around the daily moving average before weakening again to test a low of $1,965/mt. It saw a slight rebound just before closing, ultimately settling at $1,970/mt, down $14.5/mt, a decrease of 0.73%.

Overnight, the most-traded SHFE lead contract opened at 16,920 yuan/mt. It started weak, testing a low of 16,915 yuan/mt before rising to hover around the daily moving average. After briefly touching a high of 17,005 yuan/mt, it pulled back slightly, finally settling at 16,960 yuan/mt, up 5 yuan/mt, an increase of 0.03%.