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Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish
Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish Moneycontrol 8 hours ago Sandeep Sinha © Sunil Matkar Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish Lead prices climbed to a new lifetime high on the MCX tracking weakness in the US Dollar index and general optimism over global economic health. However, the base metal ended the week with a loss of Rs 3.1 or 1.73 percent for the week. Lead prices rose in three out of the five trading sessions on the MCX. The non-ferrous metal has been trading higher than 5, 50, 100 and 200 days’ moving averages but lower than the 20-day moving average on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 58.73 which indicates positive movement in prices.
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