Lead And How To Swing To A Profit
MetalMiner | Oct 30, 2014 02:40AM ET
Lead prices fell 10% during the past 2 months. Lead prices are now at the lowest levels since 2012 after falling sharply like the rest of the industrial metals in the face of a rising US dollar.
Get The News You Want
Get The News You Want
Most analysts agree that lead’s fundamentals are bullish as the market is expected to move further into deficit. However, our view differs from them. Although it might be true that the fundamentals could be improving, it is hard to tell what has already been discounted in the price.
Get The News You Want
What we can see is that commodities and industrial metals remain in bearish mode and that is weighing down lead prices. Despite the good performance of lead in the first half, the second half of the year is proving that lead prices are not able to significantly rise while investors are not pooring money into the commodities market.
Get The News You Want
What This Mean For Metal Buyers
Get The News You Want
Lead prices are challenging a support area that, if broken, we should expect more on the downside. Prices might rise in the short-term, as they appear to be oversold, however, the long-term outlook doesn’t look too positive in the face of a bearish commodities market.
Get The News You Want
by Raul de Frutos
Get The News You Want
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.