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Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
US Dollar this week opened gap up and continued to trade positively till 94.88 where again it encountered stiff resistance and now has retraced back to 94.10. The dollar index has risen 2.7 percent in 2018, lifted by both its status as a perceived haven and also because Federal Reserve is tightening its monetary policy. The yield on 10 yearsy T-Bond has turned positive recently as it has fallen from 2.87% to 2.82% which is helping getting gains in Gold. The falling yield also is positive for
