Lead Futures price seems to consolidate in volatile manners during the Week of October 29th, 2017, amid forthcoming news flow from financial fronts to geo-political developments during the upcoming weeks. Strong U.S. economic growth, falling gold price, crude price touching new heights, recovery in dollar and most important growing expectations with U.S. President Mr. Donald Trump’s visit to China in November – which hopefully will add new dimensions to cool down geo-political tension and adding economic cooperation.
No doubt, that any little change in expected developments will reverse the whole scenario all of a sudden which seems to be on the path of positive developments all over the World.
On analysis of all the fundamentals and as well as technical developments in the hourly chart, I conclude and expected propositional trading zones for the Week of October 29th, 2017.
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