Report For Date 20/06/2017
LME Lead - (Price figures in $/Ton)
Support zone is 2087-1985.
Resistance is at 2131-2160.
Cover short position or expect consolidation till 1985 is not violated and may move higher towards resistance in near term with volatility.
Trend is down as closing is below the DRV.
Support zone is visible therefore lower range of 2052-2004 can be for accumulation.
Weekly Levels For LME Lead
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Accumulate
|
2083.50
|
2117.88
|
DOWN
|
2088
|
19.05
|
2004
|
2052
|
2068
|
2099
|
2147
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.