Business Standard

Outlook & trading strategies for Silver, crude oil by Tradebulls Sec

Silver has made harami candlestick formation on daily charts

oil, prices, crude
Premium

There is short-term fear of oversupply after US API showed a rise in crude oil inventories

Bhavik Patel Mumbai
Gold has recovered smartly above its psychological level of $1,700 and also above 50-day EMA after US Federal Reserve’s meeting where the Fed said it was not going to raise interest rate in near future. I believe it is only a matter of time before we break out to the upside due to the central bank liquidity issues around the world and dovish view of the US Fed. Gold has not been subjected to the selling pressure as seen in US Dollars. The US dollar has gotten a little bit of a hit as of late as reopening of economies

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in