Trading strategies for copper and lead by Tradebulls Securities

Negative divergence (RSI_14) on daily scale is being seen in Copper since July-end

As the risk tone recovers, gold prices have pulled back from its high of $1,976. FOMC’s upwardly revised economic forecasts and hints of no immediate need to act pushed the greenback and pulled equity and gold down. We don’t expect gold to remain down and slowly and steadily it will inch up towards $1,976. Now, covid vaccine development will be the next catalyst for bullions.

Silver has failed to cross 70,000 in MCX since August. Every time it falls after testing levels of 69,800-69,900, thus finding resistance around that levels. We are more bullish in gold than silver and we