In the week, Lead formed a long green bullish candle on the weekly chart after 9 weeks straight downfall.
Lead has support at 177—169 and resistance at 182
Decisive break and close above 182 will confirm the breakout in Lead futures. Our positive view gets negate on a weekly close below 169 levels only. Positive crossover of RSI is also showing strength on the weekly chart.
Recommendation: Catch Lead futures small quantity above 182.00 and add more lot in panic around 177 with strict stop loss below 169 for the upside target of 215—223+++ levels.