Friday, 3 May 2013

LEAD TREND FOR TODAY-04-May-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Support for the Lead is 109-.Resistance for the Lead is 114-118-120-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 110.8 with stop at 104.25 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy above 111.7 and keep stop below 108.2 Target is 113.2 next 115.7 Below 106.7 trend reversal can occur and next level is 104.2
Intraday Resistance of LEAD are 111.3 : 112.6 : 114.7 : 119.2 : 124.7 : 130.4 : 136.1 : 142
Intraday Support of LEAD are 108.6 : 107.3 : 105.2 : 103.4 : 98.3 : 93.5 : 88.7 : 84 : 79.5

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