Technicals | May 08 2008
They didn’t even bother to put any additional commentary to their technical chart displaying lead’s (mis)fortune. A picture tells a thousand words? Barclays Capital’s team of technical chartists certainly thinks so.
The team has been flagging a price correction is building for most commodities for a while now, and this view remains firmly in place. Today’s chart for lead must be considered within this context.
The title above the chart says”lead on the edge of a meltdown”.
