JULY 30 WEDNESDAY
SHORT TERM TREND : BULLISH: TARGET RS 98.60
LONG TERM TREND : BEARISH: TARGET RS 65
S1 RS 95.60, S2 RS 93.60, S3 RS 92
R1 RS 98.60, R2 RS 99.60, R3 RS 100.60
PREFER LONG AT RS 95.40 TO 95.60
STOP LOSS RS 93.60
TARGET RS 98.60
Lead gaing in LME trade .
Lead once again is the only base metal showing
signs of life , with prices ticking higher on Tuesday
on tightening inventory level, a trend Analyst feel
will continue.
Stocks fell by 1450 tonnes to 89275 tonnes,
with the decline largely in Singapore and also in
Long Beach.
This combined with recent production cuts at
higher cost operation and the likelihood more
may follow, have already lifted prices to a two month
high.
As of 0915 GMT, London Metal Exchange Lead
was trading at $ 2059 a tonne up 1.7 % from
Mondays low.
No comments:
Post a Comment