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ReturnPrice hit high, then dropped lower ( Aug.11, 2005)
Author：
admin
PublishDate：
2005-08-12 10:37:00
Hit：
592
Today is the last trading day of current delivery month. Given the effect Wednesday’s plummet, CCSE market chose to consolidate at lower levels. Electronic price went high in morning sessions and lowered in afternoon sessions.
Dried Cocoon for Aug. 2005 closed at 215000 Yuan, which was the last settlement price, with 366 hands of last delivery volume.
Raw Silk for Aug. 2005 closed at 63000 Yuan, which was the last settlement price, with 104 hands of last delivery volume.
Technically, back months face pressure in the upper end of their recent range, and now it’s better to look before you leap.
