Trading strategies for Crude oil and Zinc by Bhavik Patel of Tradebulls Sec

With fresh lockdown from the UK and more lockdown appearing in European countries, demand for crude is likely to take hit during Christmas season

Gold prices recently hit $1,900 but struggled to maintain the momentum and have crashed once again. Fresh restrictions from the UK triggered risk-on mode and the US dollar soared, leading to selling in precious metals. Meanwhile, data released on December 22 showed the US economy grew at a record pace in the third quarter which also helped the US Dollar. This week Gold started on a strong note as the US Congress passed $900 billion stimulus bill but Donald Trump is not willing to sign it which is creating further headwinds for precious metals. If the new virus reaches the US