Advertisements

The height of Shanghai Nickel’s shock rebound is determined by macro sentiment

by Joy

On June 12, the main contract of Shanghai Nickel opened higher, and then fluctuated within a narrow range, with an intraday increase of more than 2%.

Nanhua Futures said that in the long run, the main logic of strong nickel supply and weak demand remains unchanged, and the trend is downward, followed by stainless steel; in the short term, the macro disturbance is obvious, and the long-short intertwined game on the disk is obvious. The fundamentals of easing and weak demand continue to exert pressure, and it is expected to maintain shock operation.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News