Lead

R

Riya84

New Member
#1
#1
Lead is treading at very high level, i have 2 short position one at 106.80 and 108.90. I think it will take a U turn now because CDGO data is not good for US.
Core Durable Goods Orders m/m US 6:00pm -3.4%.
Please give ur opinions ... :)
 
M

MANISH_DAMANI

Well-Known Member
#3
#3
Hi there. Even I have shorted 3 lots lead . It was suppose to turn down from 112-113 levels but to news in market of fed stimulus all the commodities rallied. Fall will be also sharper but we have to wait . Monday is really crucial day. Because it break th level of 115 so I am little scared.
 
M

MANISH_DAMANI

Well-Known Member
#4
#4
See monthly resistance there in chrart breaks.
 
Last edited:
M

MANISH_DAMANI

Well-Known Member
#5
#5
Next resistance could be seen in chart given if not retrace on Monday.
 
M

MANISH_DAMANI

Well-Known Member
#6
#6
It is trading above its envelop bands range. Usually a scrip should not trade above it for many days. Specially it overbought too. So one correction is expected as shown by Fibonacci retracement. Let See.
 
M

MANISH_DAMANI

Well-Known Member
#7
#7
see envelops range.
 
M

MANISH_DAMANI

Well-Known Member
#9
#9
lead might show atleast 1 % fall today as it falling in LME . Lets see what happened here
 
M

MANISH_DAMANI

Well-Known Member
#10
#10
Lead given low of 1.03% app down in mcx till 10.38
 
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