MCX Lead daily chart analysis
Mcx lead future on last session closed at 131.35 with loss. On daily chart mcx, lead future trend and momentum both are bearish and prices are trading below its month and 3-month average. For next week mcx, lead future outlook remain weak and may show lower levels.
From short-term view, mcx lead future support zones are 130 and 126 while on upside has multiple resistances at 133-136 and 140. Daily chart indicators are in bearish zones but off the lows suggesting bounce back.
Short-term traders below 133, keep short view for downside targets of 130 and then 126.
MCX Lead weekly chart analysis
Mcx lead future this week closed flat positive. On weekly chart going through correction and testing major averages supports. Closed just below its 6-month average of 133 and heading towards 12-month average of 128 and then possibly 2 years average zone of 122. Weekly chart indicators are in bearish zones with bearish divergences.
From medium to long-term view, mcx lead future strong resistance levels are 133 and 140 while on downside 128 and 122 are support and targets for now.