Weekly Outlook

MCX Lead may see corrective fall

Yoganand D
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The Lead futures contract on the Multi Commodity Exchange (MCX) has been in a medium-term uptrend since taking support at around ₹132 a kg in early June 2017. Following a corrective decline, the contract got support at ₹143 in early September and resumed its uptrend.While trending up, the contract had emphatically breached its moving average compression (21-, 50- and 200-day moving average) at ar...
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