--Lead ended the y esterday's trading session lower by 0.5% at the LME pl atform broadly declining along with the other base metals.
--Broadly the lead inv entories have been broadly declining since last three months and the cancelled warrants ratio for the commodity also surged over 30% in the last two weeks indicating immediate requirement for the commodity.
--For the day we are recommending selling lead from the higher levels as the commodity might take negative cues from the comments of the official of Chinese Association of Automobile manufacturers where in they expected the car sales in China for the month of January to decline by over 6% due to the problem of smog and high air pollution due to which the government might impose additional restrictions on the purchased of new vehicles.
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Lead Close Lower By 0.5%,Selling Recommended
Published 01/30/2014, 05:52 AM
Updated 05/14/2017, 06:45 AM
Lead Close Lower By 0.5%,Selling Recommended
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