Lead Price Chart And Analysis

Base Metals Commodity in India

Commodity trading in India is continuously rising. Various investment options in the commodity trading can outpace some of the traditional investments. In the commodity trading, there are three broad sections of commodities, bullion, base metal, energy. Other than bullion metals, investors can book huge profit from the base metal also. You will find every detail regarding commodities in our site through separate segments. Today’s section Lead is one of the important base metals in the commodity exchange. Here, in this content, we provide a live lead price chart along with analytical details.

Before going through the commodity market, let’s have an idea¬†what actually base metals means. Generally, the common founded metal (except bullion metal) is termed as the base metal. For example, copper, bronze, lead etc are less expensive for its common availability in comparison to precious metals like gold, silver. Besides a wide usage in the commercial and industrial field, the base metals also have investment value. Hence, in an economy, the specific metal plays a quite significant role.

Indian Commodity Exchange

Commodity exchange mainly works as a medium and authority of commodity trading. There various commodities, as well as derivatives products, are traded or exchanged between buyers and sellers. Through the commodity exchange, investors can get the variety of trading options like forward, future, options, intraday etc.

In India, there are multiple commodity exchanges such as Multi Commodity Exchange (MCX), Indian Commodity Exchange (ICEX), National Commodity and Derivative Exchange (NCDEX), National Multi Commodity Exchange (NMCE). Among them, MCX is quite popular in commodity trading. It is the oldest and first commodity exchange to open in India. More than 80 percent of the country’s commodity futures market accounts are controlled by MCX. It has ranked as the 6th world’s largest future exchange market.

Lead, A Base Metal

Since pre-historic times, lead has been used as a base metal. During the Roman empire, the production and usage of lead reached the peak point. In the ancient time, the lead was used to make water pipes, tank linings, pots, cosmetics etc. Now, come to characteristics of lead, by discussing this, you will get a common idea about the particular metal. The lustrous heavy silver-blue metal is highly malleable but quite poor conductor of electricity. Besides this, it is very dense in nature. In the periodic table, its symbol is Pb. Lead can be produced in two ways either from mined ores or from scrap. According to 2014 data, 4.58 million metric tons lead was produced by primary production and 5.64 from scrap. Here, we attached the lead price support and resistance, lead futures daily candlestick chart.

Lead Price Support And Resistance

NameS3S2S1Pivot PointsR1R2R3
Classic148.44148.87149.19149.62149.94150.37150.69
Fibonacci148.87149.16149.33149.62149.91150.08150.37
Camarilla149.29149.36149.43149.62149.57149.64149.71
Woodie's148.38148.84149.13149.59149.88150.34150.63
DeMark's--149.02149.54149.77--

Lead Futures Daily Candlestick Chart

Lead Futures Daily Candlestick Chart

 

The attached live chart will automatically be updated with price movements. You only need to refresh the page often for getting updated news.

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Usage of the Lead

Lead has the wide usage in the industrial field like batteries, machine manufacturing, light industries, ship buildings, radiation productions etc. For your understanding purpose, a snapshot of lead production is attached below:

lead price

  • Batteries: In the battery production industry 80 percent of lead is being used. Vehicles like motorcycles, trains, tanks, planes use lead in the battery. Besides this, there are many factories which use lead as a primary metal.
  • Ship Buildings: Lead can be found in the marine industry.
  • Cable Sheaths
  • Machinery Manufacturing
  • Lead Oxide
  • Light Industry
  • Other Application

Practically many thing that moves use a lead acid battery. So we can say that lead is practically moving the world. Lead is traded in MCX exchange. Both Lead and Lead Mini version is traded under the base metal segment.

The trading quantity for Lead is 5 MT and that of Lead Mini is 1 MT. So we can say that Lead has a lot size in MCX of 5000 and Lead Mini has a lot size in MCX of 1000. So for 1 point price movement a trader can gain or lose Rs. 5000 in Lead and he/she can gain or lose Rs. 1000 in Lead Mini. This larger lot size makes it a bit riskier for very small undercapitalized traders.

Zerodha Margin Requirement For Lead:
Zerodha requires a margin of Rs. 44000 (approx) for carry forward trades and Rs. 22000 (approx) for intraday trades. Similarly, for Lead Mini, the margin requirement is approximately Rs. 9000 and Rs. 4500 respectively.

Lead is also traded around the world. You can check the official page for Lead in London Metal Exchance here. Traders can trade Lead using the opening range breakout strategy OR using Camarilla Pivots. For opening range breakout we suggest to use breakout of first 15 minutes / 30 minutes or 1 hour candle. You will also get trend of Lead in different time frames above in the page.

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