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Weekly Outlook

MCX Lead: range-bound with a bullish bias

Gurumurthy K
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The Lead futures contract on the Multi Commodity Exchange (MCX) was stuck in a narrow range between ₹160 and ₹166 per kg in the past week. In the broad sideways range between ₹155 and ₹168 the contract has been trading over the last two months.However, the bias within this broad sideways movement remains bullish for the contract as the 21-week moving average continues to provide strong support ov...
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