Commodity outlook by Tradebulls Securities: Buy silver, copper

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

The Dollar index is flirting with lows around sub 96 levels. If we look at US 10 year yield, it has climbed to a fresh top above 2.72%. On Tuesday, we saw US dollar gaining momentum but high US yield has again put pressure on US dollar and now it is trading below sub 96 levels. Fed is thinking of taking a pause in their tightening cycle so dollar has retraced but Indian rupee continues to weaken on the back of weak production data, rise in crude oil price and sustained outflow by foreign investors. The support for rupee has shifted