Since my last outlook at Lead Futures price on March 18th, 2018, on analysis of the movement of Lead futures price in the same chart on March 20th, 2018, I find that the Lead futures price looks ready for an upward move. Consolidation phase looks to be completed, and the current level of $2346 is evident enough for a strong uptrend ahead followed by short covering rallies.
On analysis of the movement of most of the base metals futures, I find the lead futures seem to indicate ray of hopes for metal bulls before the final Fed Interest Rate Decision on March 21st, 2018. Lead future price, being traded at the lowest level, seems to have digested the expected rate hike this time. And look ready to lead the rally in base metal during the upcoming week, if no major change is there in expected rate hike. I find a crossover of decisive zone will open new avenues for bulls.
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