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*LEAD TRADING - SETUP FOR THIS WEEK*
*LME Lead: ∼$1,902 / tonne*
- *Bias:* Range-bound, no clear trend
- *Support:* $1,855 - $1,880
- *Resistance:* $1,930 - $1,950
- *Breakdown below $1,855:* Target $1,800
- *Breakout above $1,950:* Target $2,020
*Why Lead is stuck:*
- *Supply tight:* Smelter maintenance + falling LME inventory (304,000 mt)
- *Demand weak:* Slow battery demand, weak consumption outlook in China
- *Result:* Price consolidating, not trending
*How smart traders play it:*
- *Range traders:* Buy near support, sell near resistance, tight stop-loss
- *Breakout traders:* Don't chase inside the range. Wait for close above/below levels with volume
- *Risk:* Max 1-2% per trade. Lead moves slow, but leverage makes it fast.
*Lead is not a hype trade. It's a patience trade.*
Are you trading the range, or waiting for the breakout?
#LeadTrading #LME #Commodities #BaseMetals #TradingSetup