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Technical Forecast for Lead

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Technical Forecast for Lead

 

Lead surprised with a break through 2011/14 & a close above 2032. We now need to push through 2050 to target 2062/66 for a selling opportunity with the short term charts looking overbought at this stage. We need stops above 2080 on shorts for a move to 2100.
 
Immediate support is 2030/28 but below here sees better support at 2014/11 which could hold the downside today. However if we continue lower look for 1990/88.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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