 "Commodities")
Commodity outlook by Bhavik Patel - Sr. Technical Analyst (Commodities) at Tradebulls Securities:
Starting of the week, Dollar Index (DXY) was hovering around 3 weeks high. It was at familiar levels where it feels top heavy near 95.50. As we have seen since last 3 months, DXY fails to sustain near 95.30-95.50 and retraces back and this time too DXY retrace back to 94.90 from highs of 95.30 but now has again started strengthening. Indian Rupee Future has a lot of resistance around 69.15-69.20 so I don’t think we may pass this level easily but overall trend still looks bearish looking
