Technical forecast for Lead

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Lead broke 2046/47 as hoped to reach the 2062 target & kept going as we head towards 2088/98 resistance. This area could mark the high for the week if tested. Exit longs, sell in to shorts with a stop above 2113 for 2121/22.

Support today at 2046 should hold any profit taking today. We would expect a bounce from here but need stops on longs below 2039.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More