Lead future monthly outlook June 2017
was forth weak month for lead prices and in these 4 months prices tumbled from
top of 165 to low of 132. This month aluminium future recorded low at 132 while
high was around 147. Total 15 rupee or 10% range and closing near low with
bearish below 138.6 level. Daily chart price pattern is bullish but indicators
are bearish and suggesting downside for this commodity in June series.
then 124. Expect first bounce back towards 138.6 and then downside move. If breakout
happens above 138.6 with strong price action and on volume then above 138.6,
then remain bullish and might head towards 145 and 153.
loss above major top of 143 and keep targets at 130 and then 124 for month of
target of 140 rupee and now trading below it with bearish trend and momentum
and heading towards 2017 bearish target of 105 rupees.