![](https://1.bp.blogspot.com/-Nxv2HJVP-y4/WqpJt5fBb2I/AAAAAAAAVoI/fYTmd_OK-hkYzrPNByjg0t-lnQDErMS3wCLcBGAs/s1600-rw/Lead.jpg)
Adjacent chart shows price movement of MCX Lead continuous contract. In Tuesday’s trading session, Lead bounced back from the medium term support line. In the near term, 150 – 152 will act as crucial support on the way. If Lead holds above the support zone then a bounce towards 160.50 - 161.50 is possible in the near term. However, Lead can witness a deeper correction if it breaks below the support zone of 150 - 152. The daily momentum indicator is bearish.
![](https://2.bp.blogspot.com/-_Cd2TVUvtpo/WqpJ_dtT-OI/AAAAAAAAVoM/Z27tcPntxUE_cgmHH8v17A71h3O9nmcogCLcBGAs/s1600-rw/Chart101.jpg)