[brief review of SMM aluminum] Shanghai aluminum short active high entry low position reduction of more than 3, 000 hands

SMM, 29 Oct:

The Shanghai aluminum main company 1912 contract opened at 13790 yuan / ton in the morning, briefly rose 13805 yuan / ton at the beginning of the session, and then opened high and low and recorded a long negative line. Due to how flat it was, the aluminum price leaked to 13740 yuan / ton. Then it began to rise back from the low and began to shock and climb to 13780 yuan / ton along the 5-day moving average. at this time, it was blocked by the 60-day moving average, aluminum prices hovered briefly, short positions were reduced one after another, and more than 3, 000 short positions were closed in 15 minutes. Aluminum prices hit 13795 yuan / ton in the end of the day, closing at 13785 yuan / ton, trading volume increased by 27410 hands to 116000 hands, position increased by 5456 hands to 240000 hands, short positions mainly, closed in the small negative line, down 40 yuan / ton, down 0.29%, the center of gravity below the 20-day moving average, daily KDJ third line down. Shanghai aluminum trend is not strong within the day, short still has a strong motivation, with time gradually into November, expected to follow up consumption short expectations gradually clear, pay attention to long short positions and changes in the market atmosphere at night, is expected to continue to maintain weak volatility in the evening.

(SMM Yiliang 021-20707892)