Lead is bearish for medium-long term .Currently Lead is in downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 130-128-.Resistance for the Lead is 135-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 133 with stop at 126.75 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 133 with a stop at 131.4 Below 131 go for sell and put stop at 132.6
Intraday Resistance of LEAD are 132.7 : 133.3 : 137.8 : 140.3 : 143.7 : 147.3 : 149.8 : 152.4
Intraday Support of LEAD are 131.3 : 130.7 : 126.3 : 124 : 120.8 : 117.6 : 115.3 : 113.1
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