Navigation
”play

Cracks developed in lead

From the low of 104.25, MCX Lead has done a sharp rally. It has retraced nearly 78.6% of the entire previous fall. However, near the key Fibonacci level, the bears have opened a fresh round of selling. The daily momentum indicator that has been stretched to an overbought territory has triggered a bearish crossover. Thus, an upside looks caped at the recent high of 128.40. Unless that is crossed, the base metal is expected to fall towards its key daily moving averages, ie near 117.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: