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Commodity outlook by Tradebulls Securities: Buy lead, copper

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

Tata Investment Corp board approves Rs 4.5-billion share buyback
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Bhavik Patel Mumbai
The recovery in dollar index faltered near 97 and yields on US 10-year dropped to 2.34 per cent, a 15-month low. US Q4 GDP number will give the next trigger for the index. Meanwhile, the Indian rupee is trading in a narrow range. 69.60 is the resistance while 68.80 is the support. Any clear trend will emerge after it breaks this narrow range. Relative Strength Index (RSI) is now hovering in the undersold territory (50-30), meaning there is enough room for a slide to 68.35 on a potential range breakdown.

Gold speculators lifted bullish bets after three weeks. Gold in COMEX

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First Published: Mar 29 2019 | 8:09 AM IST

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