Times Futures: Shanghai aluminum market is expected to gradually become active

On May 26th, Shanghai Aluminum was weakly oscillating and shrinking. Wei Hongjie, a futures analyst at Bent, believes that the Shanghai aluminum future is expected to become active. On May 26, the main contract price of Shanghai Aluminum continued to be flat. After a slight reversal in the previous two days, the trend of Shanghai Aluminum resumed calm on the 26th. About short-term funds were added to the variety of the big showdown. . Judging from the daily trend, Shanghai Aluminum’s July and August contract center of gravity remained unchanged, and its trading volume rapidly shrank. After the mass volume fell on the 25th, the volume contraction stabilized on the 26th. Although it shows that the temporary price rebound is weak, there are It is conducive to the stability of futures prices. Judging from the daily indicators of the Shanghai Aluminum Index, this week (May 23-27), the Shanghai aluminum futures price still remains in the lower orbit range. Continuous efforts to test the track have not been successful, and the focus of futures trading has not yet fallen. Obviously, the range volatility indicator shows that there is insufficient space for futures prices. On the weekly front, the futures price continued to return to the front line of the middle track, and the weekly track maintained a relatively modest upward trend, supporting the support of the trend. At present, the Shanghai aluminum futures price in August has successfully set a large downward pressure line, making it more favorable to recover the volatility of futures prices. In July, Shanghai Aluminum continued to control the pressure of the Great Down Pressure Line since 2004. As the next week (May 30-June 3), the downward pressure line will be moved down to the line of 16,650 yuan, so that in July Shanghai Aluminum will also successfully suppress the intermediate downward trend in the flat file, in Shanghai aluminum. After the major contract prices have successfully resolved the suppression of the medium-term downward pressure line, the Shanghai Aluminum futures price will resume its price elasticity, and the timing for moderately active prices will gradually come. Operational recommendations, continue to wait and see in the short-term, do a good job of preparing a small amount of low-sucking participation.

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