November 27, 2022

Guess lengthy on lead futures at present ranges

Bet long on lead futures at current levels

Bet long on lead futures at current levels

Early this week, the continual contract of lead on the Multi Commodity Change (MCX) broke out of a notable barrier at ₹184. On Tuesday, the contract hit a excessive of ₹187.45. Though the worth has now moderated to ₹182, the bias stays bullish.

The constructive outlook is substantiated by fund flows. That’s, lead futures on the MCX noticed its cumulative open curiosity go as much as 1,114 contracts on November 16 in contrast with 637 contracts on November 4. The rally in value together with a rise…

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