MCX-Lead remains above key support - The Hindu BusinessLine
MCX-Lead remains above key support Akhil Nallamuthu BL Research Bureau | Updated on January 21, 2021 × After witnessing a price correction in December last year, the January futures contract of lead on the Multi Commodity Exchange (MCX) bounced off the support at ₹155 twice in the past three weeks. Last week, the contract gathered enough strength to break out of the prior high of ₹164. The breakout occurred with substantial volume and the futures eased past both 21- and 50-day moving averages, indicating strong bullish momentum. However, what followed was a consolidation period wherein t...
Source: thehindubusinessline.com