Lead Prices Should Test Resistances at High Next Week (May 25-29, 2015)

Published: May 22, 2015 16:49

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LME lead should test USD 1,980-2,000/mt next week because technical indicators point upward.

SHANGHAI, May 22 (SMM) - LME lead should test USD 1,980-2,000/mt next week because technical indicators point upward.

SHFE 1507 lead is expected to test resistance at RMB 13,500/mt as investors’ confidence picked up Friday and as technical indicators indicates price increase.

In China’s spot market, lead should trade at RMB 13,700-13,900/mt next week.

lead prices

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