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Commodity outlook by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Commodities Outlook: US Dollar index is hovering around 89.80. The level 90 seems to be its immediate resistance as, since past week, the dollar index is unable to move above that level. Start of the week, we saw US dollar declining after China announced new tariffs on US goods but has currently clawed back much of that loss. The price action suggests investor indecision and impending volatility. If we look at daily swing chart, the main trend still is down. Any price action above 90.05 will change the direction and
