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Commodity outlook by Tradebulls Securities: Buy silver, natural gas

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

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Bhavik Patel Mumbai
US Dollar index is trading around 98 and is able to sustain above its resistance zone. Previously we have seen that since May 2018, DXY has been unable to sustain above 98 level but this time because of global trade war fears and weakness in GBP and EUR, DXY looks poised to extend its move above 98.50.

Meanwhile, Indian rupee  also looks poised to touch 71 levels according to technical charts, the pattern clearly shows that twice Indian rupee has found resistance near 200-day moving average (DMA) on the daily chart and currently 200-DMA comes at 71. So, we

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First Published: May 31 2019 | 6:51 AM IST

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