SHANGHAI, May 3 (SMM) – LME lead is weighed by the 40 and 60-day moving average and will meet resistance at USD 2,275/mt on Wednesday. The contract will move at USD 2,240-2,270/mt. Attention should be on eurozone’s FDP and US’s April ISM non-manufacturing PMI on Wednesday. SHFE 1706 lead will move at RMB 16,400-16,800/mt.
LME Lead to Meet Resistance (2017-5-3)
LME lead will move at USD 2,240-2,270/mt and SHFE 1706 lead will move at RMB 16,400-16,800/mt.
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