TECHNICALS TRADING FOR NYMEX

NOV 26 WEDNESDAY

SHORT TERM TREND: SIDEWAYS

LONG TERM TREND: BEARISH

S1 RS 60.40 , S2 RS 58.60 , S3 RS 56.10

R1 RS 63 , R2 RS 64.80 , S3 RS 66

UPDATES ON NOV 26 2008

NOV 26 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND: BEARISH

S1 RS 59.40 , S2 RS 57.45 , S3 RS 56.10

R1 RS 62 , R2 RS 63.80 , R3 RS 65

TECHNICAL LEVELS FOR NYMEX TRADING

NOV 25 TUESDAY

TRADING LEVELS FOR EVENING TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58.80 , S2 RS 57 , S3 RS 55.40

R1 RS 61.30 , R2 RS 63 , R3 RS 65

UPDATES ON NOV 25 2008

NOV 25 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58.80 , S2 RS 57 , S3 RS 55.40

R1 RS 61.30 , R2 RS 63 , R3 RS 65

Lead prices continue their way down even as stocks

continue falling.Winter season coming nearer usually

increases Lead demand for car batteries but lower

economic outlook may prevent prices to advance

to high.

Stocks in London are decreasing.The stock drop may

continue as demand for lead could go up.

TRADING LEVELS FOR EVENING TRADING

NOV 24 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 60.00 , S2 RS 58.60 , S3 RS 56.40

R1 RS 61.30 , R2 RS 63 , R3 RS 65

STAY LONG AT SUPPORT

UPDATES ON NOV 24 2008

NOV 24 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 57.30 , S2 RS 56 , S3 R 54.40

R1 RS 59.70 , R2 RS 61 , R3 RS 63

The entire complex has been reacting to serious concerns

on the demand side following the onset of recessionary

conditions and contractions in liquidity.

Lead has support at $ 1145 and reistence at $ 1650.

UPDATES

TECHNICALS FOR NOVEMBER 21

MCX NOVEMBER LEAD

SHORT TERM: BEARISH

LONG TERM : BEARISH

SUPPORTS : 58.40, 57, 55.40

RESISTANCES : 61, 62.70, 64

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NOVEMBER 20

MCX NOVEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 60.40, 59.10

RESISTANCES : 63, 64.60

STAY SHORT AT RESISTANCES

UPDATES ON NOV 19 2008

NOV 19 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 62 , S2 RS 60.40

R1 RS 65 , R2 RS 66,60

WAIT FOR CONFIRMATION.

UPDATES ON NOV 18 2008

NOV 18 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 62 , S2 RS 60.60

R1 RS 64.20 , R2 RS 65.80

Lead was down $31 at $1,319.

UPDATES ON NOV 17 2008

NOV 17 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 64.60 , S2 RS 63.30

R1 RS 67 , R2 RS 69.20

Lead rose $1 to $1,340 .

A strong recovery by Wall street in the late trading

hours and the positive opening in the Asian and

European markets are pushing up metal prices today.


Demand deterioration following lowering of global

growth expectation remain the central theme of

the base metal complex.

This is having a disastrous effect on base metals

with prices at muti year lows.

Short selling is seen in base metal market which

has generated some rallies but these are unlikely

to sustain.

UPDATES

TECHNICALS FOR NOVEMBER 14

MCX NOVEMBER LEAD

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS 64.30, 62.80

RESISTANCES 67.60, 69

WAIT FOR CONFIRMATION

UPDATES

TECHNICALS FOR NOVEMBER 13

MCX NOVEMBER LEAD

SHORT TERM : BEARISH

LONG TERM BEARISH

SUPPORTS : 63.10, 61.60

RESISTANCES : 66.10, 67.60

SELL AT RESISTANCES

UPDATES ON NOV 12 2008

NOV 12 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND: BEARISH

S1 RS 61.70 , S2 RS 60.40

R1 RS 64.60 , R2 RS 66

SELL AT RESISTENCE.

Lead was down $ 30 to $ 1280.

Lead prices can see further downside.

Analyst feel they can face intra day resistence

at $ 1370 / ton that is Rs 66/ kg in MCX Nov

contract and selling can be seen there.

Lead prices can take intraday support at $ 1318

per ton that is Rs 63.90 per kg in MCX and

recovery can be seen there.

Prices are expected to trade sideways to lower,

UPDATES

TECHNICALS FOR NOVEMBER 11

MCX NOVEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 63.10, 61.70

RESISTANCES : 66.30, 68.00

SELL AT RESISTANCES

UPDATES

TECHNICALSFOR NOVEMBER 10

MCX NOVEMBER LEAD

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : S1 64.60, S2 63

RESISTANCES : R1 67.50, R2 69

WAIT FOR CONFIRMATION

UPDATES

PIVOTS FOR NOVEMBER 7

MCX NOV LEAD

SUPPORTS: S1 70.50, S2 67.60
\
RESISTANCES :R1 72.60, R2 74

STAY SHORT AT RESISTANCES

UPDATES ON NOV 6 2008

NOV 6 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 71 , S2 RS 69.60

R1 RS 73.60 , R2 RS 75.30

Lead was down $ 60 at $ 1480.

UPDATES ON NOV 5 2008

NOV 5 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 73 , S2 RS 71.40

R1 RS 75.60 , R2 RS 77.30

STAY LONG FOR INTRA DAY

Lead was unchanged at $1,540 a ton

Traders said that lead and Tin are currently moving

independently from the other metals i the complex.

UPDATES ON NOV 4 2008

NOV 4 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 71.20 , S2 RS 69

R1 RS 74.30 , R2 RS 76

STAY SHORT AT RESISTENCE.

Lead was trading down $5 at $1,500 a tonne.

Lead prices return to $ 1500 / MT as stocks seems to

be falling.With winter season coming near there could

be a increase in lead demand for car batteries but

bleak economic outlook may prevent prices from moving

higher.

Stocks in London seems to be depleting slightly and this

could help prices.

UPDATES ON NOV 3 2008

NOV 3 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 73.65 , S2 RS 72

R1 RS 76.60 , R2 RS 78.40

Both lead and Nickel rallied by about 20 %.

Lead is currently trading below marginal costs.

In the short run demand compressions may prove

too powerful to counter supply cuts.