Lead weakness to continue while pries stay below the stiff resistance of $2200 - Geojit Financial
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Lead
Outlook
Broad weakness in base metal complex likely to hit the sentiments of lead. A stronger US currency, fears of economic recession and feeble China demand would also put pressure on the prices.
LME: Weakness to continue while pries stay below the stiff resistance of $2200. A direct rise above the same is sign of recovery upticks.
MCX: If unable to break the resistance of Rs 182 there are more selling pressure is on the cards. Else, recovery moves can be seen in the near future.
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