Lead Closed Marginally Higher, Mixed Cues
CommodityOnline | Feb 28, 2014 02:32AM ET
--Lead closed marginally higher in the yesterday's trading session by 0.1% recovering from its low after Fed chair Janet Yellen said that the central bank might change its strategy if the US economy weakens further in the medium term.
--There has been no major change in the inventory picture of Lead where in the cancelled warrants for the commodity still continues to remain at lower levels indicating lack of spot demand for the commodity.
--There is no major fundamental development regarding the commodity. For the day we expect the commodity to trade in a ranged manner. The PVO table is also showing mixed cues ahead of the expiry.
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