Shanghai aluminum closed up continuously, pay attention to the upper resistance level

In terms of external trading, LME aluminum oscillated higher today, showing resonance with Shanghai aluminum, of which 3-month Lun aluminum traded at 1908-1895 US dollars / ton, now up 0.
61% to 1908 US dollars / ton, recorded three consecutive Yang, upward standing firm 20-day line 1890 mark, there are signs of continuing to rise, and pay close attention to the resistance level of the 60-day line 1914 in the later period
.

On the macro front, the Asian dollar index continued to decline, falling below the 96 mark, now trading around 95.
8, continuing to hit a new low in the year, showing that the short-term long-short scramble is dominated by the bearish side winning, today's media believes that the market misunderstands Draghi's speech, but it is expected that the Eurozone June series of prosperity index or will still maintain a steady upward trend, pay close attention to the number of jobless benefits in the United States and the final
annualized rate of the PCE price index in the first quarter 。 In terms of aluminum market, recently, the National Development and Reform Commission and the National Energy Administration issued the Notice on Carrying out the Supervision of the Standardized Construction and Operation Transformation of Coal-Fired Captive Power Plants, and a special inspection team will be formed before the end of June to conduct on-site investigations
in six provinces (autonomous regions) of Xinjiang, Inner Mongolia, Gansu, Guangxi, Jiangsu and Shandong.

In terms of the market, on June 29, the Shanghai transaction concentration was 13770-13780 yuan / ton, the discount for the month was 130-120 yuan / ton, the Wuxi transaction concentration was 13770-13780 yuan / ton, and the Hangzhou transaction concentration was 13800-13810 yuan / ton
.
Holders are actively selling goods at high prices, the discount is narrowing, the activity of traders is weakened, half-year settlement, coupled with financial factors at the end of the month, the willingness to receive goods downstream is suppressed, and the overall transaction is lower
than yesterday.

Intraday Shanghai aluminum 1708 contract continues to approach the 60-day line 14000 mark suppression, if an effective breakthrough can be formed, the upside will be opened, the recent electrolytic aluminum capacity policy gradually implemented, short-term to boost aluminum prices
.
It is recommended that Shanghai aluminum buy on the dip, open a position reference of 13950 yuan / ton, stop loss 13880 yuan / ton
.