mcx lead trend in coming week 19 to 23 sep 2016

MCX.LEAD - OHLC Six Months_1w 2016-09-18 114019 Mcx lead future this week closed with strong gains with wide volatility. This week lead prices hit low around 124 while high was at 131. Total 7 rupee or 6% weekly range and strong positive closing on short covering.   Mcx lead weekly price trend and momentum both are strong bullish. This week lead had taken support at its 13 weeks average and given strong closing so expect strong follow up buying in next week. On downside 126.8 is 6 week average level and 124.5 is 13 weeks average level and strong supports on weekly chart. Weekly chart indicators as well as oscillators are bullish and suggesting upside for prices on weekly chart.   Mcx lead after achieving my 130 rupee target given correction and achieved downside target of 124.6 exactly. Now on reversal hit 130 target and now trending for 133 rupee next target which is expected in next week.   For mcx commodity tips on your mobile with support and follow ups visit our subscription section to join us now.

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Pramod Baviskar

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