[SMM Nickel Morning News] Lunni Nickel narrow amplitude concussion Operation

SMM, 30 October:

Lunni Asia opened at $16505 a tonne today. After the opening, Lunni swung all the way up, touching the $17000 / tonne level. At noon, the center of gravity fluctuated narrowly around $16900 / tonne. In the afternoon, Lunni fell rapidly, giving up all the gains before noon, fell to the opening price near the support, rebounded to repair, to the daily average near the pressure shock. At 21: 00 at night, Lunni fluctuated upward, broke through the daily average pressure, climbed to US $16800 / ton, and finally closed at US $16820 / ton, up $265 / ton, or 1.6%, from the settlement price of the previous trading day. Trading volume decreased by 2559 hands to 7190 hands, with a position of 283000 hands. Lunni closed at the small balcony of the upper shadow line, probing the 20-day EMA of US $17000 / ton on the shadow line, and column K closed below the 60-day moving average. Today, we pay attention to the pressure of the 60-day moving average.

Overnight, Shanghai nickel opened at 132880 yuan / ton, at night, Shanghai nickel below the 5-day moving average support, the overall center of gravity around 133000 yuan / ton narrow fluctuation, finally closed at 133350 yuan / ton, compared with the settlement price of the previous trading day rose 710 yuan / ton, up 0.54%, trading volume 362000 hands, position reduced 6000 hands to 250000 hands. Overnight Shanghai nickel closed in the small yang line, the overall operation of the 5 / 20 moving average range, today pay attention to the 20 days moving average pressure above Shanghai nickel.

Today's focus is on the number of unemployed people in Germany after the October quarterly survey (10,000) and the unemployment rate after the October quarterly survey; the eurozone economic sentiment index for October, the final value of the consumer confidence index; the United States ADP employment in October (10,000) and the EIA crude oil inventory in the week ended 25 October (10,000 barrels).

Pay attention to the interest rate resolution and monetary policy report released by the Bank of Canada this evening.

[for more information, please subscribe to SMM Nickel Research Group products "China Nickel Chromium stainless Steel Industry chain General report" and "China Nickel Chrome stainless Steel Industry chain High end report" to obtain the latest nickel mine, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For ordering and trial reading, please call 021-5166 6817 QQ: 2880505562, contact: Li Chuntian]

(TEL:021-5166 6817 QQ: 2880505562)