Lead futures (₹207/kg) has been range-bound for nearly three weeks. Nevertheless, the broader uptrend stays valid and the likelihood for another leg of uptick is high.The June futures has been oscillating within ₹205 and ₹208 recently. But the outlook will remain bullish as long as the price stays above the support at ₹203. We expect lead futures (Jun) to break out of the resistance at ₹208 soon and rally to ₹212. Resistance above ₹212 is at ₹215.But if the contract declines and slips below the support at ₹203, the near-term outlook might turn bearish. In such a case, the contract can fall to ₹198. Support below ₹198 is at ₹196.That said, as it stands, the bulls have an edge over the bears and are soon expected to lift lead futures above the resistance at ₹208 and subsequently hit ₹212.Trade strategyWe suggested buying lead futures (Jun) at ₹207. Retain this trade with stop-loss at ₹202. When the contract rises to ₹210, tighten the stop-loss to ₹207. Book profits at ₹212.Published on June 4, 2026