Technical Outlook 06 May-2015
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VADILAL FOREX AND CONSULTANCY SERVICES LTD. vadilalmarkets.com “VADILAL HOUSE”, NR.NAVARANGPURA RAILWAY C, NAVARANGPURA, AHMEDABAD-380 009 PHONE NO.: 079-26400569 /079- 30153388 (TELE FAX): 079-26564019 TO 24 E-MAIL: [email protected] TECHNICAL OUTLOOK 06 MAY-2015 LME LEAD WEEKLY CHART CHART/DATA SOURCE – reuters LME lead has climbed more than 34% from 2015 year low to yesterday’s high level. Now we anticipate that price may consolidate here as RSI oscillator trades above over bought zone. We expect one major correction from current level, as price failed to break weekly trend line that is shown as yellow line in above chart. Physical buyers should avoid booking at present level and wait for 4 to 7% correction at downside. SUPPORT RESISTANCE $2,050 $2,260 $1,980 $2,320
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Technical Outlook 06 May-2015
Transcript of Technical Outlook 06 May-2015
VADILAL FOREX AND CONSULTANCY SERVICES LTD.
vadilalmarkets.com
“VADILAL HOUSE”, NR.NAVARANGPURA RAILWAY C, NAVARANGPURA, AHMEDABAD-380 009 PHONE NO.: 079-26400569 /079- 30153388 (TELE FAX): 079-26564019 TO 24
E-MAIL: [email protected]
TECHNICAL OUTLOOK 06 MAY-2015
LME LEAD WEEKLY CHART
CHART/DATA SOURCE – reuters LME lead has climbed more than 34% from 2015 year low to yesterday’s high level. Now we anticipate that price may consolidate here as RSI oscillator trades above over bought zone. We expect one major correction from current level, as price failed to break weekly trend line that is shown as yellow line in above chart. Physical buyers should avoid booking at present level and wait for 4 to 7% correction at downside.
SUPPORT RESISTANCE
$2,050 $2,260
$1,980 $2,320
