LEAD

Lead 4hr chart has formed “Ascending triangle” pattern. The last session ended up bearish as the prices have already broken out the channel’s resistance level itself and has ended up meeting with the same again. The market is expected to retest the level and turn bullish once again, testing all the way through 167-169 levels in the upcoming sessions. Alternatively, if the market breaks below the Support level holding at 164.50 then it might continue in bearish. Resistance holds at 169.

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