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Technical Forecast for Lead

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Technical Forecast for Lead

 

Lead broke 2046/47 as hoped to reach the 2062 target & kept going as we head towards 2088/98 resistance. This area could mark the high for the week if tested. Exit longs, sell in to shorts with a stop above 2113 for 2121/22.
 
Support today at 2046 should hold any profit taking today. We would expect a bounce from here but need stops on longs below 2039.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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