Technical Forecast for Lead

Lead made it back up to our target of 2046/47 & as predicted this held the move. A break higher does look possible today however allowing bulls to feel more confident so any shorts here need a stop above 2052 for continued strength to 2062. A push through here could take us up to 2088/98 but this area could mark the high for the week if tested. Exit longs, sell in to shorts with a stop above 2113.

 

Support today at 2030 then 2011 could see a bounce but longs here need a stop below 2005 in case of a retest of 1990/80.