The anticipated fall happened on Friday from 115.30 towards 110.80 (13 day EMA support), bounced back later today and is currently hovering at 112.30 levels. If prices continue to trade above 113.10, may see the recoil rally towards 114 followed by 115.30/117 levels in the near term. However, if unable to trade above 113.10 may see prices to trade in choppy range for the day.
MCX Lead Evening Outlook
Posted on Monday, January 30, 2012 by Unknown in
on Monday, January 30, 2012
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