Lead.......
Multi Commodity Exchange Lead prices are trying to gather support at 10 day exponential moving average. Lead has crumbled in the last few days on the back of volatility in Dollar and the fact that international commodities buyers are reprieving from any buying.
Lead 10 day EMA was at Rs 109.7 per kg which it tested but bounced back marginally. The May expiry contract was at Rs 109.9 per kg when last seen. If the prices breach this level it can slip towards Rs 107.2 per kg.
Volumes have been quite dull in lead over the last few trading sessions. Lead volumes are at 12285 kgs while open interest is at 4870 contract against 4340 contract at the end of last week.
Source by Commodity Insights
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