Mcx lead future weekly technical analysis report for 29 may
to 2 June 2017
last 3 weeks continues selling lead prices seen some short covering as well as
value buying on lower levels and hit recovery target of 136 rupee.
136 to 138 is strong hurdle and lead prices seeing some supply from market and
failed to cross that level in this week. Which might result in sharp selling in
136 and 138 are strong hurdles. Above 138 expect sharp short covering rally up
to 144 rupee.
support of 140 rupee on weekly closing basis. Below 140, expect downside in
2017 up to 103 rupee.