MCX-Lead likely to test key near-term supports
The Lead futures contract on the Multi Commodity Exchange (MCX) has reversed sharply lower after making a high of ₹153.4 a kg on Monday. The contract fell to a low of ₹147.65 on Wednesday and has managed to bounce slightly higher from there. It is currently trading at ₹148.5 . The 200-day moving average at ₹147 and a trend-line support at ₹146.5 are the key near term supports. The contract will c...
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