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February 20 Shanghai aluminum morning review

 Last Update: 2022-12-04
 Source: Internet
 Author: User

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Last Friday night Shanghai aluminum main force opened at 14065 yuan / ton, the beginning of the session bulls continued to take profits, short positions slightly increased, aluminum prices fell, fell below the 10-day moving average, tested down 13920 yuan / ton, after the aluminum fell below the 10,000 mark, bears saw good and closed, aluminum prices repaired part of the decline, closed below the 10-day moving average of 14,000 yuan / ton, trading volume minus 201,000 hands to 163298 lots, position minus 1998 hands to 314866 lots
。 If there is no strong protection of bulls at the fourth pass, or it will fuel the bearish force, the center of gravity of Shanghai aluminum may continue to move down, and it is expected to run 13850~14100 yuan / ton in the day, and the spot discount is 220~180 yuan / ton
.

Shanghai aluminum

On Friday, Lun aluminum opened at 1903 US dollars / ton, during the Asian session, Lun aluminum followed Shanghai aluminum fell sharply, entering the European trading session Lun aluminum continued to leak, once down to 1868 US dollars / ton, then the 10-day moving average began to show support, Lun aluminum has an upward repair part of the decline, the center of gravity to the 5-day moving average, overnight, Shanghai aluminum opened down, Lun aluminum was affected again forced down the 10-day moving average, the 10-day moving average support is strong, Lun aluminum touched a low rebound to close at 1884.
5 US dollars / ton
.
The trading volume increased by 1805 lots to 15253 lots, and the position decreased by 3193 lots to 694079 lots
.

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