Mcx lead sep future closed at 109.05 with loss.
On daily chart, lead future 1 week price channel is down.
And 1 month price channel also showing downtrend.
Daily chart RSI is at 39 and heading towards oversold area.
For today, mcx lead intraday support levels are 108 and 107.5
On upside mcx lead intraday resistance levels are 110.6 and 112.5.
Commodity Traders here keep buy on dips view for intraday
On upside 110.6 and then 112.5 will remain as target zones.