Sunday, 23 February 2014

LEAD TREND FOR TODAY-24-Feb-2014

Lead is bearish for medium-long term .Currently Lead is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Immediate support for Lead is 129.Resistance for the Lead is 133-134-135-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy only above 135.65 with stop at 131.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 133.1 with a stop at 131.6 Below 131.2 go for sell
Intraday Resistance of LEAD are 132.8 : 133.4 : 138 : 140.4 : 143.9 : 147.4 : 150 : 152.5
Intraday Support of LEAD are 131.5 : 130.9 : 126.5 : 124.1 : 120.9 : 117.7 : 115.5 : 113.2
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  1. ENERGY WRAP: West Texas Intermediate swung between gains and losses near $103 a barrel amid speculation crude stockpiles at Cushing, Oklahoma, fell as cold weather boosted fuel demand in the world’s biggest oil consumer.
    CS GOLD (APRIL) OVERVIEW:
    TREND CONSOLIDATE
    SUP1:29750
    SUP2:29630
    RESIST1:30300
    RESIST2:30520
    TRADING STRATEGY: BUY ON DIPS
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