Base Metal futures price may be declined further
on coming week after a choppy trade, because lead current price show a bearish
harmonic chart in the current scenario price failed to retest the PRZ levels. We
can see in coming week lead futures prices more down fall. we can talk about
other base metal like cooper has a strong weekly resistance at 340.00 if the
copper price could not be able to break this resistance than copper may be reversal.
In other hand zinc monthly chart has a spike reversal pattern. Their target has
been completed and stood monthly resistance at 154.00
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| lead daily chart |
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| zinc monthly chart |
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