SUNDAY
WEEKLY UPDATE
WEEKLY UPDATE
Lead prices was closed at 121.5 levels which is very strong supports for the
commodity if prices given a breakdown below 121.5 levels then it is
considered as a head and shoulder pattern breakdown , if head and
shoulder pattern break down is confirmed by closing below 121.5 to 121
levels then we expect a sharp correction in lead to take place atleast up to
110 levels on positional basis with resistance above 125 levels.
Weekly call :
Sell lead below 121
with stops above 123.5
for targets 118 and 116.5.
Positional Call for special report :
Sell lead on close below 121
with stops above 125
for tgts 114 and 110.
