Lead

Lead 10/17/2018 9:57:00 AM
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Technical outlook

Lead daily chart has formed “Megaphone chart” pattern. The last session ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on bearish momentum, once the same breaks below the key support zone holding at 150. The downside rally could be testing all the way through 149-148 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 155.50 level. Key resistance holds at 155.50.


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Technical Chart:
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Lead 10/16/2018 10:01:00 AM
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Technical outlook

Lead daily chart has formed “Megaphone chart” pattern. The last session ended up bullish in trend retesting near the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone holding at 155.50. The upside rally could be testing all the way through 157-158.50 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 152 level. Key support holds at 152.


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Technical Chart:
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Lead 10/15/2018 9:40:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last few sessions ended up strongly bullish in trend after retesting near a key support zone inside the channel. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone holding at 153. The upside rally could be testing all the way through 155-157 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 148 level. Key support holds at 148.


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Technical Chart:
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Lead 10/12/2018 9:35:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last session ended up strongly bullish in trend after retesting near a key support zone inside the channel. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone holding at 150. The upside rally could be testing all the way through 152-154 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 145 level. Key support holds at 145.


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Technical Chart:
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Lead 10/11/2018 9:31:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bearish in trend retesting near a key support zone inside the channel. The market is expected to continue on bearish momentum, once the same breaks below the key support zone holding at 141.50. The downside rally could be testing all the way through 140-138 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 145 level. Key resistance holds at 145.


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Technical Chart:
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Lead 10/10/2018 9:50:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bearish in trend retesting near a key support zone inside the channel. The market is expected to continue on bearish momentum, once the same breaks below the key support zone holding at 143. The downside rally could be testing all the way through 141.50-140 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 148 level. Key resistance holds at 148.


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Technical Chart:
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Lead 10/9/2018 9:52:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last session ended up bearish in trend forming an “Inverted hammer” candlestick inside the channel. The market is expected to continue on bullish momentum based on the candlesticks formation (technical aspects), testing all the way through 148-150 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 145.50 then it might turn bearish. The downside rally could test up to 142 level. Key resistance holds at 150.


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Technical Chart:
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Lead 10/8/2018 9:22:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last session ended up consolidated near a key support zone inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support zone holding at 147. The downside rally could be testing all the way through 146-144 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 151.50 level. Key resistance holds at 151.50.


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Technical Chart:
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Lead 10/5/2018 10:11:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support zone holding at 147.75. The downside rally could be testing all the way through 146-144 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 151 level. Key resistance holds at 151.


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Technical Chart:
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Lead 10/4/2018 10:20:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bullish in trend as per the new contract. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone holding at 151. The upside rally could be testing all the way through 153-155 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 148 level. Key support holds at 148.


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Technical Chart:
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