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Sunday, August 16, 2015

LEAD UPDATES FOR AUG 16 2015

SUNDAY




WEEKLY UPDATE




Mcx Lead after a sharp correction last week prices recovered to 114 levels and closed well above



114 levels, trend for the commodity remains bullish for now with immediate supports below 112 levels ,



we expect prices to test its next resistance at 116 and 117.5 levels, out of all base metals lead is



the only commodity were the trend remains bullish, buy s on dips is advisable.



Weekly Call :




Buy Lead or Lead mini between 113.5 – 114.2



with stops below 112



for targets 116 and 117.5




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