Lead Leans Only To Lead After Trade War Overs
Satendra Singh | Mar 08, 2018 10:38AM ET
As the US President Donald Trump's announcement of his intentions to wage trade war looks like using a double-edged sword to attack, which makes the economic concerns to resolve by the fear of negative economic impact not only on others but will also enhance the possibilities of its negative economic impact on US economy too. Historically, these kind of self-created geo-political concerns are resolved like fear upon a fear results in no fear when darkness turns into dawn. Actually, what I sensed a big demon amid thick darkness yesterday night and feeling full of extreme fear at that time, but I found my fear vanished all of a sudden when I felt the first beam of light on next day and found a big tree ahead.
This tariff concern has only added volatility all around seems only to be a temporary phenomenon, which going to end soon when the majority would start feeling that this campaign had nothing to do with economic impact. Amid growing economic concern all the base metal seem to be feeling the impact of sudden economic punch, I find that most of the base metals have achieved their real valuations and are available at the cheapest price.
On analysis of the Lead Futures price since last few trading sessions, I find the Lead seems to lead the rally in base metals on cooling down of fear among the investors all around. I wish to share my expected trading zones for Lead futures price from March 8th – March 20th, 2018.
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