LEAD TREND FOR TODAY-18-July-2013

Lead is in long- term bull phase .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position and closed below 3 week low with volume signals down breakout.Positionally Support for the Lead is 118-117-.Resistance for the Lead is 122-123-124-

Short term and Intraday Level of LEAD

Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position Lead is moving sideways so short term investor better to buy only above 124.65 or hold with stop at 119.9 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 122.1 with a stop at 119.1 Below 118.3 go for sell
Intraday Resistance of LEAD are 121.8 : 123.2 : 125.7 : 128.1 : 131.4 : 134.8 : 137.2 : 139.7
Intraday Support of LEAD are 118.6 : 117.2 : 114.8 : 112.6 : 109.5 : 106.5 : 104.3 : 102.2

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