Trading strategies for crude oil and zinc by Tradebulls Securities

Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart

Gold is slowly recovering, although market sentiments have shifted following recent gains in U.S fixed income bonds and notes, coupled with a stronger US dollar, rising US equities markets and strong gains in Bitcoin. Investors are shifting focus from Gold to other instrument mentioned above and that is why we are seeing strong outflows in Gold ETF. Dramatic shift in US Dollar along with drop in yields have pushed gold prices above $1,700. Recovery to gold may not happen overnight and any of the shift in trend from the above mentioned instrument can hamper gold’s recovery. Money managers have liquidated