SMM, 17 April:
Domestic macro data for the better, colored items today basically turned red, Shanghai nickel 2006 contract opened today at 96550 yuan / ton, at the beginning of the day, short positions, long follow-up, Shanghai nickel shock upward, explore 98000 yuan / ton gate position, before noon, under pressure at this position narrow concussion. In the afternoon, the bulls increased their positions sharply, and Shanghai nickel rose 99140 yuan / ton all the way through the resistance level, and finally closed at 98970 yuan / ton, up 2640 yuan / ton, or 2.74%, from the settlement price of the previous trading day. Trading volume increased by 44000 hands to 234000 hands, and position volume increased by 6231 hands to 111097 hands. Shanghai nickel closed today in the sun column, K column upward through the 40-day moving average, K column center of gravity in 98000 yuan / ton line, the top facing 100000 yuan / ton level, follow up to pay attention to the pressure of the gate.
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