Mtechtips LEAD MCX SELL BELOW 108 SL 109.5 TGT 106 TGT 105

Mtechtips LEAD MCX  intraday trading analysis 26-10-2012

Mcx lead oct future last closed at 108.4 with loss of almost 1%.here below 100.5 we seen sharp sell on rally.on intraday chart lead prices now consolidating after fall.108 is next level to watch if breaks on closing basis then expect 106-105.5 as next positional target levels.in base metals trend and momentum both are bearish and historic lows might get tested in upcoming period.

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