mcx lead hit fresh low this week

mcx lead weekly forecast for 23 to 27 nov 2015
mcx lead future closed at 104.8 in red.
this was fifth weekly losing session for lead prices.
mcx lead hit fresh low this week suggesting underlying bearishness.
on weekly chart, indicators heading towards oversold are
suggesting there is space for another downside.
mcx lead future next week support zones are 102.5 and 101
these will be target zones in current downtrend.
on upside 105 and 107 are strong resistances.
investors must keep buy and accumulate on decline
strategy for long term target of 124+.

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Updated: 22/11/2015 — 9:00 PM

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Pramod Baviskar

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