Trading strategies for copper and zinc by Bhavik Patel of Tradebulls Sec

Copper is already trading above its important moving average of 20 and 50 DMA but the breakout from the range has given new direction to Copper

Gold buyers are finally extending their control above $1900, rejoicing the renewed optimism over the US fiscal stimulus. There were news of stimulus deal getting clinched before Nov election which saw increase in all asset class and market coming into risk-on mode. Markets remain hopeful that the stimulus deal will be clinched ahead of the November election and the new funds will boost the demand for gold as an inflation hedge. Gold needs to break $1930 while support comes at $1882. In the short-term, the uncertainity of stimulus, US Presidential election, and strong US dollar is keeping price under check.