LME Lead to Find Solid Support at $ 1,700 per tonne Next Week, SMM predicts

Published: Oct 23, 2015 16:48

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LME lead should find solid support at $ 1,700 per tonne next week, SMM lead group reckons.

SHANGHAI, Oct. 23 (SMM) – LME lead should find solid support at $ 1,700 per tonne next week, SMM lead group reckons.

LME lead meets resistance at the 5 and 10-day moving average and technical indicators point downside, curbing LME lead prices.

SHFE 1512 lead will test support at 13,000 yuan per tonne and spot lead in China is predicted to slip to 13,200-13,350 yuan per tonne next week.

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LME lead price forecast SHFE lead prices forecast spot lead price forecast

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