Outlook & trading strategies for Nickel, crude oil by Tradebulls Securities

There is a negative divergence in RSI_14 on Crude oil's daily scale

Gold bulls are catching a breather after a strong rally. This consolidation is necessary as gold was trading in the overbought zone. For gold, there is both good and bad news where the US is taking away special status of Hong Kong which gives gold some tailwind but supporting the risk on mood is the news of leading pharmacy showing robust results during third rounds of trial. Stronger-than-expected inflation figures released in the US on Tuesday helped gold prices as investors looked for hard assets as a way to protect against higher inflation. If you are a trader, you are