Now Lead is trading at 2226 on LME & as we can see on charts, lead was able to produce a negative candlestick pattern after touching the topline of short term channel . The top line was represent 161.8% correction are of last minor bullish wave. However the reversal yesterday already touched the support zone but downtrend probably continue for coming trading session.
COPPER COMEX (27-March-2013) recently on weekly charts gave a breakdown of a classical symmetrical Triangle Pattern and Next Support is @3.20 $ Selling Opportunity Lies at current Levels. Major Profit Booking has been Seen in Commodities including Precious Metals and Base Metals.
SDA2 EOD Buy or Sell Signals are shown for World Commodities (Gold,Silver,Lead,Tin,Oil, Sugar, Cotton…etc). Rates are denominated in dollar terms. Buy Signal continues in gold since February 2011. Recent Sell signal in cotton. Aluminium,OIL,Silver,Sugar,zinc holds the recent buy signal as per SDA2 Trend trading system. Check for the gallery for EOD charts with buy or sell signal.