Commodity outlook by Bhavik Patel of Tradebulls Securities: Buy Gold, Lead

Commodities Outlook and stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

Dollar: The index has rallied to 2 years high limiting gains in Rupee. Low crude oil prices will help rupee but Chinese yuan has started depreciating against strong US dollar so gain in our rupee is limited. Despite strong recovery in Equity market and weak crude oil prices, Indian rupee weakened on account of a strong dollar. FII inflow is also expected because of the IRCTC IPO. For the week, Indian rupee is expected to trade in a range of 70.50-71.90.

Gold: We are short-term bearish on gold but very bullish for the long-term. Trump’s impeachment news is making investors flocking to