 "Commodities")
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Dollar index continues to oscillate between 93.30-94.70 since past 4 weeks. The uptrend seems to be exhausting with a daily scale showing lower top and lower bottom formation. However, DXY refuses to trade below 93.30 and buying emerges around that level where momentum carries it till 94.70 before exhaustion creeps in and sellers try to gain upper hand. This seesaw movement means Indian rupee too is confined within 68.60-69.10 range. The turning point for a dollar would be when it breaks 93 levels. What is more worrying
