[SMM Nickel Morning News] follow up on the 60-day moving average of Lunni Station to follow up on the pressure of US $12700 / ton above Nickel.

SMM, 21 April:

Lunni, which opened at $12055 a tonne yesterday, fell back slightly after the opening, but soon followed the Shanghai nickel rally, breaking through the 60-day moving average. After a brief consolidation, it stood smoothly on the $12300 / tonne line before noon. In the afternoon, Nickel continued to shock upward, $12400 / ton position under pressure shock, Nickel broke through the gate at night $12535 / ton, and finally closed at $12495 / ton, compared with the previous trading day settlement price rose $425 / ton, up 3.52%, trading volume increased by 2318 hands to 7436 hands, position increased by 806 hands to 219183 hands. Lunni closed in the central balcony last night, Lunni stood on the 60-day moving average, has been running to the new uplink space. In the good situation of the various data, the upward momentum is more sufficient, follow up to pay attention to the pressure of $12700 / ton above Lonel.

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