Commodity outlook by Tradebulls Securities: Buy lead, Sell Natural gas

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

Bonds, Stock markets, Shares, Trading

Dollar index is trading near 97.30 and is looking strong; thanks to escalate in trade war tension. The US President has threatened to hike tariffs from 10 per cent to 25 per cent on Chinese goods from Friday if US-China trade deal does not happen. This has put the market in risk-mode and all the risky assets, be it commodity and equity, saw sell off. Safe haven buying was seen as the greenback got stronger and gold saw some buying. Indian rupee has also depreciated on back of weak Indian equity market and foreign institutional investors (FIIs) outflow. We expect Indian rupee to test ...