Lead prices have been moving up gradually over the last few months. The Lead Futures contract traded on the Multi Commodity Exchange has risen over 5 per cent from its low of ₹174 per kg made in April. It is currently trading at ₹184 per kg.
Outlook
The trend is up and it intact. Support is in the ₹183-182 region. Intermediate dips are likely to be limited. Fresh buyers can come into the market in this ₹183-182 region and limit the downside.
The outlook is bullish. The MCX Lead Futures contract can rise to ₹188 in the coming weeks. This rise is also likely to happen very gradually.
The bullish outlook will go wrong only if the contract declines below ₹182. If that happens, we can get a fall to ₹180-179. But such a fall looks likely, and it may need some strong negative trigger.
Trade Strategy
Traders can go long now at ₹184 and accumulate at ₹183. Keep the stop-loss at ₹181. Exit the long positions at ₹188. Trail the stop-loss up to ₹185 when the contract goes up to ₹186. Revise the stop-loss further up to ₹186 when the price touches ₹187.
As mentioned above, the rise is going to happen gradually. So, traders who are taking this long position may have to wait patiently.
Published on September 15, 2025