Commodity outlook by Tradebulls Securities: Buy crude, zinc

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

The dollar index has broken 95 levels after US Fed held interest rate steady as expected. Fed stated that they will be patient in lifting interest rate further this year because of rising uncertainty about the U.S. economic outlook. The statement was dovish which helped Euro and other currencies appreciate against US Dollar. Meanwhile, our currency opened strong thanks to weak US dollar but is unable to sustain lower as crude oil prices have increased and with Interim budget round the corner, the market is expecting fiscal slippage to around 3.5% of GDP. So this will put pressure on our