Lead news

Base metals

LME base metals pack is trading on a mixed note, whereby Copper prices have pared gains, while Lead prices have witnessed moderate signs of bottoming out. However, the broader weakness persists in the non-ferrous pack, as Chinese exports have grown at a slower pace than expected. Slowing exports has raised doubts regarding the growth prospects of an export oriented Chinese economy.

Lead contract is looking positive for the day. Market may find support near 111.40 & 110.40; intraday resistance can be seen near 113.90 & 114.90. Day traders are advised to buy intraday on dips. (Buy around 111.40 with SL 110.40, for the target of 113 & 114.90.)

Lead news

Trend updated for-Apr/12/2013.CMP-113 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 111.Resistance for the Lead is 114-116-120-123-124-

Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 112 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 114.1 with a stop at 111.8 Below 111.2 go for sell with stop at 113.5
Intraday Resistance of LEAD are 113.3/113.9/114.9/118/121.1/126.4/129.4/135.1/141
Intraday Support of LEAD are 112/111.4/110.4/107.8/104.9/100.1/97.5/92.6/87.9

Metal news

 Industrial metals prices dipped yesterday, giving up some gains from the previous session when it hit two-week highs, as some traders locked in profits and other investors remain concerned about sluggish demand amid weak Chinese imports.

South Korea is seeking 2,000 tonnes of copper for September arrival via a tender, the state-run Public Procurement Service said on its website

Chinese copper smelters are set to cash in on the closure of India's top smelter by raising production in the current quarter to benefit from higher treatment and refining charges for raw material concentrates.

The spread between cash copper on the LME and the spot Shanghai market in March widened to the best arbitrage opportunity for imports since late 2011, prompting investors and end-users to move refined copper in bonded warehouses in Shanghai into the domestic market.

Top global copper producer Codelco's massive mines returned to normal operations on Wednesday morning after the end of a 24-hour companywide strike to demand improved job security and better safety, Mining Minister Hernan de Solminihac said.

Nickel stocks held in the London Metal Exchange (LME) warehouse system hit a fresh all-time high of 167,700 tonnes on Tuesday.

Fundamental Outlook: Industrial metals prices are trading a tad higher on international bourses today. We expect a further rise in the prices of metals on account of positive New loans data from China. This may lead to an expectation of higher growth in Chinese economy thus supporting the prices of Industrial metals(http://www.moneycontrol.com/news/brokerage-recos-commodities/industrial-metals-may-rally-further-nirmal-bang_850976.html)

Lead news

Trend updated for-Apr/11/2013.CMP-114 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is on BUY Signal and Lead is recovering from oversold level For short term Lead is in SELL position.Positionally Support for the Lead is 113-.Resistance for the Lead is 117-121-123-124-

Currently Lead is in HOLD LONG position Lead has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 114.8 with stop at 111.2 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 114.8 with a stop at 113 Below 112.5 go for sell and put stop at 114.3
Intraday Resistance of LEAD are 114.6/115.4/118.9/122/127.3/130.3/136.1/142
Intraday Support of LEAD are 112.7/111.9/108.7/105.8/100.9/98.3/93.4/88.6

Lead news

MCX LEADDomestic: Buy at 113, Stoploss 112.50, Target 113.70.

MCX ALUMINIUMDomestic: Buy at 103.20, Stoploss 102.80, Target 103.80.

MCX NICKELInternational: Buy at 884, Stoploss 878, Target 894.

Lead news

Trend updated for-Apr/10/2013.CMP-113 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is on BUY Signal and Lead is recovering from oversold level For short term Lead is in SELL position.Positionally Immediate support for Lead is 111.Resistance for the Lead is 115-117-121-123-124-

Currently Lead is in HOLD SHORT position Lead is showing some Up momentum So buy above 113.0 with stop at 111.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 115.6 with a stop at 112.1 Below 111.1 go for sell and put stop at 114.6
Intraday Resistance of LEAD are 114.1/114.8/118.4/121.5/126.8/129.8/135.5/141.4
Intraday Support of LEAD are 112.6/111.9/108.2/105.3/100.5/97.8/93/88.2

Metal news

Metals: Base metal futures on the MCX were trading higher tracking the rise in benchmark contracts on the London Metal Exchange, where prices gained on lower level buying, but appreciation in the rupee against the dollar capped the rise in prices. LME base metals futures had declined earlier due to demand concerns from the US and China and rising inventory in warehouses.
 Buy Lead  113.10 sl 11.25 trgt 115, 117

Lead news

MCX Lead April contract is looking negative for the day. Market may find support near 111.40, 110.50, intraday resistance can be seen near 112.80 & 113.80 Day traders are advised to sell intraday on rise. (Sell around 112.80 with SL 113.80 for the target of 111.40 & 110.50) 

MCX Nickel April contract is looking negative for the day. Market may find support near 872, 860, intraday resistance can be seen near 889 & 898. Day traders are advised to sell intraday on rise. (Sell around 889 with SL 898 for the target of 872 & 860.) 

MCX Aluminium April contract is looking negative for the day. Market may find support near 102.10, 101.10 intraday resistance can be seen near 103.40 & 104.50 Day traders are advised to sell intraday on rise. (Sell around 103.40 with SL 104.50 for the target of 102.10 & 101.10)

Lead news

Trend updated for-Apr/09/2013.CMP-112 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 111.Resistance for the Lead is 113-115-117-121-123-124-

Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy only above 114.9 with stop at 110.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 114.4 with a stop at 110.9 Below 109.9 go for sell
Intraday Resistance of LEAD are 112.8/113.3/117.4/120.5/125.8/128.8/134.5/140.4
Intraday Support of LEAD are 111.5/111/107.3/104.4/99.6/97/92.1/87.4

Lead news

Trend updated for-Apr/08/2013.CMP-112 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Lead. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 111.Resistance for the Lead is 114-115-117-122-124-

Currently Lead is in HOLD LONG position Lead has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 114.2 with stop at 110.7 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 114.2 with a stop at 110.7 Below 109.7 go for sell and put stop at 113.1
Intraday Resistance of LEAD are 112.7/113.4/117.1/120.1/125.4/128.4/134.1/139.9
Intraday Support of LEAD are 111.1/110.4/106.9/104/99.2/96.6/91.8/87

Lead news

Trend updated for-Apr/06/2013.CMP-112 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Lead Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 111.Resistance for the Lead is 114-116-118-122-124-

Currently Lead is in HOLD SHORT position Lead is in down trend so buy above 114.0 The sell will again come if below 110.7 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 114.1 with a stop at 110.6 Below 109.6 go for sell
Intraday Resistance of LEAD are 112.5/113.2/114.3/117.7/120.8/126.1/129.1/134.8/140.7
Intraday Support of LEAD are 111.2/110.5/109.4/107.5/104.7/99.9/97.2/92.4/87.6

Lead news

.Lead prices are expected to trade sideways from 116 to 113. One can buy on dip till113 with a stop loss below 111.00.

 Nickel prices are expected to witness a bounce till 900 -905 whereby we expect selling pressure to continue. Intraday range expected 905 -880

Copper production

Chile Cohilco has reported that the surplus in world Copper will be in the region of 66000 tonnes in 2013. The Chilean state Copper commission expects a surplus of 89000 tonnes in 2014. Total production of Chile that accounts for 15% of the country's GDP is expected to increase by 2.6% to 5.58 million tonnes in the year 2013. The expected numbers of Cohilco can set aside some worries relating to Copper surplus that was earlier expected to be in the region of 250000 tonnes in 2013.
The worries of warehouse inventories are keeping the metal at the corner in 2013. Copper inventories have increased by 80% in 2013 so far. On LME, three month Copper prices were trading at $ 7473 per tonne, up $ 100 per tonne from last night. On MCX, Copper for April expiry was marginally down by 0.44% to Rs 407.2 per kg indicating a strong disparity from LME prices. The prices increased by 1.4% last night when LME Copper derailed last night.

Lead news

Trend updated for-Apr/05/2013.CMP-114 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Lead. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 111.Resistance for the Lead is 115-116-118-122-124-

Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 114.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 116.3 with a stop at 112.7 Below 111.7 go for sell and put stop at 115.2
Intraday Resistance of LEAD are 115/116/117.7/118.5/121.6/126.9/129.9/135.6/141.5
Intraday Support of LEAD are 112.9/111.9/110.2/108.3/105.4/100.6/97.9/93.1/88.3

Lead news

LME base metals continue to tread lower, in light of expansion in supply, mounting stockpiles and doubts about end-user demand in China, the world’s largest metal’s consuming nation. Copper prices have breached the crucial support of USD 7,500/ton and can retest the 2012 low of USD 7,219/ton. Strengthening US dollar is also weighing on the complex. US dollar index has rebounded back above 83, deriving cues from improving macroeconomic tone in US.

MCX Copper (April)Price indication: Prices have support at Rs 400/kg and resistance at Rs 415/kg.

MCX Zinc (April)Price indication: Prices have support at Rs 99.2/kg and resistance at Rs 102/kg

 MCX Nickel April : Sell around 890 levels with a stop loss placed above 902 levels for targets of 870 levels.

MCX Lead April : Sell around 112 levels with a stop loss placed above 113 levels for targets of 110 levels.

Lead news

Trend updated for-Apr/04/2013.CMP-112 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Lead Noting point is selling at lower levels seems decreasing. The Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing SELL signal For short term Lead is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Lead is 111.Resistance for the Lead is 115-116-118-123-124-

Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 114.0 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 113.1 with a stop at 111.1 Below 110.6 go for sell
Intraday Resistance of LEAD are 112.4/113/114/116.9/120/125.3/128.2/133.9/139.8
Intraday Support of LEAD are 111.3/110.7/109.7/106.8/103.9/99.1/96.5/91.7/86.9

Lead news

  Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude oil. According to the research firm, Gold prices witnessed a selloff after the break down, prices are expected to further ahead down till 29000. Sell on rise should be the strategy. On Comex USD 1520 is acting as a support, below which we expect a major fall till USD 1450.
 
Lead prices are expected to trade sideways from 110 to 113. one can sell on rise till 112 with a stop loss above 113.20
 Nickel prices are expected to witness a sideways to down move after the price break down. One can sell on rise around 885 - 890 with a stop loss above 900. Prices are expected to test 865 860

Lead news

 MCX Lead April : Sell around 112 levels with a stop loss placed above 113 levels for targets of 110 levels.
MCX Nickel April : Sell around 890 levels with a stop loss placed above 902 levels for targets of 870 levels.

MCX Zinc April : Sell below 100 levels with a stop loss placed above 101 levels for targets of 98 levels.

MCX Aluminium April : Sell around 102 levels with a stop loss placed above 103 levels for targets of 100.50 levels.
(http://www.moneycontrol.com/news/brokerage-recos-commodities/sell-mcx-gold-june-around-rs-29450-target-rs-29200-geojit_846191.html)

Lead news

MCX Lead April contract is looking negative for the day. Market may find support near 111.80, 110.70, intraday resistance can be seen near 113.20 & 114.20 Day traders are advised to sell intraday on rise. (Sell around 113.20 with SL 114.20 for the target of 111.80 & 110.70)
MCX Aluminium April contract is looking negative for the day. Market may find support near 102.10, 101.00 intraday resistance can be seen near 103.20 & 104.10 Day traders are advised to sell intraday on rise. (Sell around 104.20 with SL 105.10 for the target of 103.10 & 102.00)

Lead news

Lead prices are expected to trade weak one can sell on rise till 113.50 with a stop loss above 115.00.
Nickel prices are expected to witness a sideways to down move after the price break down. One can sell on rise around 903 with a stop loss above 915.

Lead news

Trend updated for-Apr/03/2013.CMP-112 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing SELL signal For short term Lead is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Lead is 112.Resistance for the Lead is 116-117-119-123-124-126-

Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below110.9 Buy if above 116.4 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 113.4 with a stop at 111.4 Below 110.9 go for sell

Intraday Resistance of LEAD are 112.9/113.6/114.9/118.1/121.2/126.5/129.5/135.2/141.1
Intraday Support of LEAD are 111.4/110.7/109.4/107.9/105/100.2/97.6/92.7/88

Lead news and trend

Trend updated for-Apr/02/2013.CMP-115 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 113.Resistance for the Lead is 117-119-124-126-

Currently Lead is in HOLD SHORT position Lead is moving sideways so short term investor better to buy if close above 118.15 closing below 113.2 Sell will happen. The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 116.3 with a stop at 114.3 Below 113.8 go for sell and put stop at 115.7

Intraday Resistance of LEAD are 115.8/116.4/119.9/123/128.3/131.3/137.1/143
Intraday Support of LEAD are 114.2/113.6/109.6/106.7/101.8/99.2/94.3/89.5

Lead news

Metals: Base metal futures on MCX were trading lower due to concerns over demand from China, as the country reported a lower-than-expected rise in manufacturing Purchasing Managers' Index. The data showed that China's March PMI rose to 50.9 from 50.1 in February, while market had expected it around 52. Absence of cues from the London Metal Exchange today also kept sentiment weak in domestic market.

 
MCX Lead April contract is looking negative for the day. Market may find support near 113.80, 112.70, intraday resistance can be seen near 115.30 & 116.20 Day traders are advised to sell intraday on rise. (Sell around 115.30 with SL 116.20 for the target of 113.80 & 112.716

MCX Nickel April contract is looking negative for the day. Market may find support near 904, 895, intraday resistance can be seen near 916 & 924. Day traders are advised to sell intraday on rise. (Sell around 916 with SL 924 for the target of 904 & 895.)

MCX Aluminium April contract is looking negative for the day. Market may find support near 103.10, 102.00 intraday resistance can be seen near 104.20 & 105.10 Day traders are advised to sell intraday on rise. (Sell around 104.20 with SL 105.10 for the target of 103.10 & 102.00)

Lead prices are expected to trade within the range from 112.50 to 115.50. One can trade within the range.

Lead prices are expected to trade within the range from 112.50 to 115.50. One can trade within the range.

Lead news. See decline in MCX Lead below Rs 112: Way2Wealth

MCX Copper has completed the bearish head and shoulders chart pattern, on the daily chart. The neckline support turned resistance is at 425 levels. The distance from the head to neckline support is of 50 points. Thus, the target accordingly is around 375 levels. Any pullback in the counter should be used to initiate shorts.

MCX Lead after forming an evening star around the previous swing high, at 132 levels, witnessed continual decline till 113 levels. Prices are on the verge of testing the primary uptrend support line which is pegged at 112 levels. If prices violate the support line, steep decline can be seen.

Intraday Trend- Buy is advised above 116.1 with a stop at 114.1 Below 113.6 go for sell

Trend updated for-Apr/01/2013.CMP-115 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 113.Resistance for the Lead is 117-118-120-124-126-

Currently Lead is in HOLD SHORT position Lead is in down trend so buy above 116.0 The sell will again come if below 113.2 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 116.1 with a stop at 114.1 Below 113.6 go for sell

Intraday Resistance of LEAD are 115.9/116.7/119.8/122.9/128.2/131.3/137/143
Intraday Support of LEAD are 113.8/113/109.6/106.6/101.8/99.1/94.2/89.4