[SMM Aluminium Morning News] Shanghai Aluminium finally got a small rise at the beginning of the evening when it met with a long increase in positions and fell back to a higher level.

SMM, 9 October 2019:

Every other night, the 1912 contract of the Shanghai Aluminum Company opened at 13955 yuan / ton, and the cross star was recorded at the beginning of the session. At the beginning of the session, the price of aluminum rose by more than a thousand hands, but after all, the performance rushed up and down, rising 14020 yuan / ton and then hindered, difficult to continue to break through. After hovering for a short time, he turned his head and slid down, all the way below the EMA all the way. At the end of the night session, he recorded a low level of 13950 yuan / ton, and finally closed at 13960 yuan / ton, with a trading volume of 9160 to 26636 hands. Position increased by 2878 hands to 199000 hands, closed at the small positive line, the top pressure on all averages, up 10 yuan / ton, up 0.07%. At present, the inverted hanging situation of Shanghai aluminum has not changed, and the power below the main company is insufficient. It is expected to run between 13900-14100 yuan / ton today, and the rising water on the disk is expected to be between 20-60 yuan / ton.

Overnight aluminum opened at $1744 / ton, and maintained a narrow concussion during the Asian session, with a price difference of less than $10 / ton. After entering the European trading session, Lun aluminum first crept to a bottom of $1738 / ton, and then began to rise higher, slowly rising to a daily high of $1760 / ton. However, Lunlun aluminum was dispirited against the background of the recent rise in LME metal stocks, and the end of the European plate closed soft at $1744 / ton, recording a cross star. Located below the 20-day moving average, the daily MACD line rose, the KDJ green line shortened, and is expected to run between US $1730 and US $1760 per ton today.

(SMM Xueman)