Lead Keep an eye

The adjacent chart shows the price movement of MCX Lead continuous contract. It saw a sharp decline from 147, ie the upper end of the downward sloping channel. It is currently witnessing a pullback. The gap zone of 143.25-145.60 is likely to act as a strong resistance in the near term. Any rise towards the gap zone should be seen as a selling opportunity as long as it is trading below 147. On the way down, it is likely to drift lower towards 138.40-136.30 once the pull-back is over. The momentum indicator has turned positive.


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: