Commodity outlook by Tradebulls Securities: Buy lead, natural gas

Commodities outlook and stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

Indian rupee has strengthened against the US dollar for 7 days on the trot. The latest decline takes the price to the lowest levels in more than a month, mainly driven by the ongoing strength in the Indian rupee. Price is trading below 50 and 20 day moving average so there is bearish bias in the medium term. Below 71, there is room till 70.50 till 70.20. The trend reversal will only come above 71.30.

Gold: It’s been 5 days in a row that gold prices have fallen in negative territory. Market had already discounted news of no rate cut from