LEAD TREND FOR TODAY-12-Jun-2013

Lead is in long- medium- short-medium- term bull phase .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Lead is now trading in overbought level. The Lead is now trading in overbought level. The oscillator is showing SELL signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 118-117-114-.Resistance for the Lead is 126-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead has formed new 5 day high but the trend looks weak so better buy above 125.9 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 127.45 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Sell if open below 121.1 with stop loss at 124.4or sell below 119.6 Buy is not advised till it cross 125.9
Intraday Resistance of LEAD are 124.2 : 125.6 : 128 : 130.7 : 134.1 : 137.5 : 139.9 : 142.4
Intraday Support of LEAD are 121.3 : 119.9 : 117.5 : 115 : 111.9 : 108.9 : 106.7 : 104.6

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