Trading strategies for crude oil and zinc by Tradebulls Securities

Crude oil has made 'Piercing line' candlestick pattern on daily scale, which has bullish implementation

Failure of any constructive talks for the US stimulus package and President Donald Trump calling off negotiations with Democrats on new stimulus package has made investors go for risk off mode which shot US dollar up. All asset class, namely equity, precious and base metals witnessed a sell-off because of this. If there is any further hint of stimulus package, we may again see jump in all asset class. In the absence of major data or events in Asia, gold traders will focus on analysing the risk factors for immediate direction. In doing so, Trump’s health, fiscal stimulus, virus woes,