Trading strategies for zinc and nickel by Tradebulls Securities

On the daily scale, Zinc has witnessed a crossover of 20 and 50 EMA, suggesting fresh sign of bullishness

Recently, gold seemed to have found strong support at $1,870. The recent rally in US Dollar was because of dwindling stimulus deal optimism. In the absence of geopolitical catalysts, gold prices may continue to follow the direction of the US Dollar (DXY) and drift alongside risk sentiment. From a longer-term perspective, however, gold prices are still supported by the overall macro environment (ultra-low interest rates) and ample liquidity conditions, even as short-term consolidation is underway. The options data indicate that traders are heavily leaned towards long side seeing 74 per cent of net long position while 23 per cent are