LME Lead Hard to Go up Further (2016-3-9)

Published: Mar 9, 2016 09:46

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LME lead will be hard to break through above resistance and will range USD 1,820-1,845/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 9 (SMM) – LME lead will be hard to break through above resistance and will range USD 1,820-1,845/mt during Asian trading hours Wednesday due to bearishness in ferrous metal market.

SHFE 1605 lead finds support at the 10-day moving average and will hover between RMB 13,550-13,750/mt on Mar. 9. Spot lead will trade at RMB 13,650-13,750/mt with sluggish trading.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-9)

LME lead prices lead prices Pb prices

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