Nickel continues to oscillate and close to the sun, stainless steel oscillates to run
On the London Metal Exchange (LME) on Thursday, the price of nickel fluctuated and fell, maintaining above $30,000 as a whole. Today’s opening price was $30,425.
Macro: At 21:30 Beijing time, the United States announced that initial jobless claims last week were expected to increase by 225,000, compared with the previous increase of 216,000.
The monthly rate of the FHFA house price index in the United States in October was flat, expected to decline by 0.7%, and the previous value increased by 0.1%. an increase of 8%.
On Thursday, the main contract of Shanghai Nickel 2302 on the Shanghai Futures Exchange continued to fluctuate and closed positive. The opening price was 228,800, the lowest was 226,260 yuan, the highest was 231,000 yuan, and the final closing price was 228,890 yuan, an increase of 0.5% from the closing price of the previous trading day. The position is 80402 lots, with a daily decrease of 966 lots; the trading volume is 131224. Technically, the 2302 contract, the main force of Shanghai Nickel, pays attention to the support of the 5-day moving average, and it is recommended to do long operations when wet positions are called back.
On Thursday, the Shanghai SS stainless steel 2302 main contract maintained a shock operation. The opening price was 16,750 yuan, the lowest was 16,720 yuan, the highest was 16,895 yuan, and finally closed at 16,800 yuan, an increase of 0.57% from the closing price of the previous trading day. The open interest was 68,301, with a daily increase of 1,032 lots; the trading volume was 87,423 lots. Technically, the 2302 contract, the main force of stainless steel, pays attention to the support of the 60-day moving average. It is recommended to wait and see for the time being or go long on dips.
Disclaimer: The above is the author’s personal opinion for reference only and no advice is to be taken at your own risk. Please indicate the source for reprinting.