MTECHTIPS MCX LEAD INTRADAY trading analysis 30-06-2016
DAILY:- Mcx lead as expected given strong rally up to 119 now expect 120+ levels.
WEEKLY :- Mcx lead weekly chart, showing positive closing for week. This is second positive weekly closing for lead after hitting bottom at 109.8. On upside 117.2-118 is strong resistance zone and below it trend remain weak or sell. Lead weekly chart support zones are 114 and 110. On upside 117.2, 118.3 and 120.5 are resistances. Below 118 medium term outlook remain weak or sell.