Technical Forecast for Lead

Nickel looking oversold in the short term. We should bottom out & hold above 14609 lows now. If we can beat 15000 look for 15107 & possibly as far as 15194 today. Above here however we run in to tough resistance at 15222/280 which could cap a bounce this week. We cannot rule out a break higher though & would look for 15403 as the next target. 

 

Longs need stops below 14600 as a break lower could then target 14120 in the days ahead.