 "Commodities")
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
The dollar index is evolving in a bull channel and inside Friday’s range just above the 95.00 marks. It is trading above the 50, 100 and 200-day simple moving averages suggesting bullish momentum. Bulls could not take over the levels of 95.70 and yesterday DXY quickly dropped to the levels of 95. However, the trend is expected to remain positive on worries of a prolonged China-US trade war and after the United States and Canada ended contentious trade negotiations without a deal. Indian Rupee is witnessing free
The dollar index is evolving in a bull channel and inside Friday’s range just above the 95.00 marks. It is trading above the 50, 100 and 200-day simple moving averages suggesting bullish momentum. Bulls could not take over the levels of 95.70 and yesterday DXY quickly dropped to the levels of 95. However, the trend is expected to remain positive on worries of a prolonged China-US trade war and after the United States and Canada ended contentious trade negotiations without a deal. Indian Rupee is witnessing free
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