25 Feb 2021 ● 05:49 AM
The monthly chart of Lead Futures shows a Long term complex consolidation that is most likely wave 4 long-term. The 5th wave is starting just like in copper but Lead lags copper from behind. 2008-2020 is wave 4 and the trendline of the highs from 2011 is at 2618 and should be the first breakout point that we will attempt to get past in the coming year. The nearest swing low on the monthly chart is 1929.