Wednesday, 8 January 2014

LEAD TREND FOR TODAY-08-Jan-2014

Lead is bearish for medium-long term .Currently Lead is moving sideways The oscillator is showing SELL signal and has moved down its previous low and the negative trend is still continuing momentum also points toward negativeness. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Support for the Lead is 132-131-.Resistance for the Lead is 135-138-
Short term and Intraday Level of LEAD
Currently Lead is in SELL position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below132 Buy if above 140.1 The Lead is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 135.1 with a stop at 132.6 Below 132 go for sell
Intraday Resistance of LEAD are 134.9 : 136 : 139.4 : 141.9 : 145.4 : 148.9 : 151.4 : 154
Intraday Support of LEAD are 132.2 : 131.1 : 127.8 : 125.5 : 122.2 : 119 : 116.8 : 114.5
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