Trading strategies for Lead and Natural Gas by Tradebulls Securities

Lead has made narrow-bodied candles around 158-159 zone

The rally for precious metals has cooled somewhat since minutes from the Federal Open Market Committee’s meeting in late July signaled that the policy-setting group was unwilling to use unconventional methods to keep benchmark interest rates lower, which was viewed as a short-term negative for gold. Gold and silver have slipped as we have seen marginal liquidation of speculative longs and easing of tension between the US and China. The 50-day EMA comes at $1,897 and any closing below that would certainly give bears an edge and we might see gold slipping till $1,860. In MCX, we might see gold