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March 3 Shanghai aluminum morning review

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

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Overnight, the main force of Shanghai aluminum opened at 14130 yuan / ton, long-term bulls at the beginning of the session tried to protect the Shanghai market, Shanghai aluminum oscillated around the daily moving average, the high touched 14140 yuan / ton, but Lun aluminum leakage eventually triggered a large-scale exit of short-term bulls to avoid the market, the period aluminum leakage, the low touched 13860 yuan / ton, the end of the repair part of the decline closed at 13910 yuan / ton
.
The trading volume decreased by 119,000 lots to 129044 lots, and the position decreased by 5,946 lots to 237318 lots
.
The Shanghai-aluminum 1705 contract increased its position by 7148 lots to 248036 lots, and the position exceeded 1704 contracts for the first time, showing the phenomenon
of backward position.
The overall atmosphere in China is still weak and more, coupled with the overnight decline is too fast, today or will be a technical pullback, test the 5/10/20 daily moving average, is expected to run 13850~14050 yuan / ton
within the day.
Spot discount 220~180 yuan / ton
.

Shanghai aluminum

Overnight Lun aluminum opened at 1943 US dollars / ton, after a slight decline at the beginning of the session, Lun aluminum under pressure below the daily moving average narrow range at 1938 US dollars / ton line, into the European trading session, Lun aluminum struggled to break up, slightly climbed 1945 US dollars / ton, it was difficult to resist the drag of crude oil leakage caused by the expansion of the US oil market, and the pressure of the US dollar, base metals leaked, Lun aluminum plunged to a low of 1904 US dollars / ton, and the late repair part of the decline closed at 1910.
5 US dollars / ton of the 5-day moving average
。 The trading volume decreased by 2861 lots to 19216 lots, and the position increased by 18700 lots to 726802 lots
.

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