SEPT 25 THURSDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 90.40 , S2 RS 89
R1 RS 93.10 , R2 RS 94.80
STAY LONG AT SUPPORT.
lead shed $5 to $1,995 a tonne, after hitting a high of
$2,080 in earlier trade, its highest since Aug. 28.
Lead has support at $ 1950 and Resistence at $ 2130.
Lead closed for a second day above $ 1950 and could
therefore move towards $ 2130.
The steady decline in Chinese lead exports and coupled
with rising import demand due to closure of many facilities
in China could be peoviding underlying support.
Declining LME Stocks is another factor that could
support prices.
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