[brief Review of Tin in SMM] reduction of position and closing of Xiyin Line in Shanghai

SMM, 29 April:

Shanghai tin 2006 contract opened early today, by the long strength reduction as the leading long and short forces have reduced positions, the initial pressure down to a daily low of 129250 yuan / ton, and then Shanghai tin to maintain a low center of gravity by short positions affected by the impact of a small rise, finally closed at 129830 yuan / ton, down 20 yuan / ton, down 0.02%, trading volume 17487, position 12554 hands, down 4145 hands. Shanghai tin closed today with a negative line, the physical part of the bottom by the 5-day moving average support, Shanghai tin short-term support is expected to be near the 60-day moving average of 128000 yuan / ton.

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