LEAD TREND FOR TODAY-23-May-2013

Lead is bearish for medium-long term .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Lead Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Lead is 111-110-109-.Resistance for the Lead is 118-

Short term and Intraday Level of LEAD

Lead closed above 1 week high with volume signals up breakoutCurrently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 111 The Lead is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 115.8 with a stop at 113.5 Below 113 go for sell with a stop at 115.2
Intraday Resistance of LEAD are 115.4 : 116.3 : 119.3 : 121.5 : 124.8 : 128.1 : 130.4 : 132.8
Intraday Support of LEAD are 113.3 : 112.4 : 108.6 : 106.4 : 103.4 : 100.5 : 98.4 : 96.4

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