MCX Lead Tips & Trend Today

MCX Lead Trend Today: MCX lead trend on India's Domestic commodity exchange in India will remain bearish today. In fact all base metals may remain on the down side as far as intra day trend in concerned. Aluminium will be the only commodity among all that will remain on consolidate to bullish trend.

MCX Lead Support, Resistance Levels & Trading Tips for Today: MCX lead will find support at  131.4 below which it may taste the 130.9 level while it may witness resistance at 132.7 above which it may touch 133.4 level. I advice all intraday traders to to take short position in lead today below 131.50 for the Intraday target of 131.50 - 130.40. 

Key Commodity Market Data to Watch Today:
  • Core Retail Sales m/m
  • Retail Sales m/m
  • Empire State Manufacturing Index
  • Import Prices m/m
  • Fed Chair Yellen Testifies
  • Business Inventories m/m