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LME Lead to Hover at Highs (2017-8-24)
Aug 24, 2017 09:56Source:SMM
LME lead, which moves around the 5-day moving average, and finds support at the 20-day moving average, is expected to hover at highs on Thursday.
SHANGHAI, Aug. 24 (SMM) – LME lead, which moves around the 5-day moving average, and finds support at the 20-day moving average, is expected to hover at highs on Thursday, with prices between USD 2,370-2,400/mt. SHFE lead, with support at the 20-day moving average despite moving below the 5 and 10-day moving averages, is projected to trade at highs, with prices between RMB 19,300-19,600/mt.
In China’s domestic spot market, spot lead is estimated to trade at RMB 19,750-19,850/mt.
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