On the morning of the 17th, Shanghai Alcoa prices rose to the top of the near-term operating range, driven by sharp rises in domestic commodity futures: around 17,150 yuan (using the 0506 contract as an example). Although the rise in aluminum prices in the morning, the active offensive did not manifest, but the overall position of the entire contract increased by more than 3,000 hands, indicating that Shanghai aluminum market gradually recovering popularity. In the process of Shanghai Aluminum's decline, there was a clear range consolidation. In the course of this interval, the open interest contracts continued to magnify, indicating that Shanghai Aluminum’s rising kinetic energy is already available. Combined with the continued strong fundamentals of the fundamentals and the overall basic metal market, it is highly probable that the Shanghai Alcoa price change has been sluggish since April 2004, and the Shanghai Aluminum price is likely to generate a very aggressive retaliatory rise. As for the current performance of Shanghai Aluminum, Shanghai Aluminum’s retaliatory rise is worth looking forward to. However, it is difficult to judge whether Shanghai Aluminum's price can accept today's upward trend in the short term and achieve substantial increase. When there is a correction, there will be 200 points for the correction. Front target: 17500, Stop loss: 16670 yuan. Source: Shanghai Nonferrous
Outdoor Solar Flood Light,Outdoor Lighting,Led Street Lights,Solar Temporary Street Lights
Arilux Worldwide International Co. Limited , https://www.ariluxworldwide.com