LME Lead to Seek Support Next Week

Published: Jan 8, 2016 14:19

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LME lead is expected to seek support from $ 1,610 per tonne next week on the back of poor technical indicators.

SHANGHAI, Jan. 8 (SMM) – LME lead is expected to seek support from $ 1,610 per tonne next week on the back of poor technical indicators.

LME lead slipped to $ 1,650 per tonne last week and fell below moving averages in only a week.

SHFE 1602 lead will struggle around 13,000 yuan per tonne next week with resistance at 13,040 yuan per tonne. And China’s spot lead should be offered at 13,000-13,200 yuan per tonne.

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LME lead price forecast SHFE lead price lead prices Pb Price

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​ LME Lead to Seek Support Next Week

LME Lead to Seek Support Next Week