Trading strategies for nickel and copper by Tradebulls Securities

Nickel has made 'harami' candlestick formation after sharp red candle, indicating selling momentum has subsided

Gold prices have stuck in the range of 48,800-49,300 as investors are awaiting US economic data which is consumer price index. If US inflation figures turn out to be higher than expected once again, the debate about an earlier US Fed exit from its ultra-expansionary monetary policy could flare up again which would have negative impact on gold as bond yields would rise along with the US dollar. Rising raw commodity prices the past few months are an ominous sign that inflation could become problematic. Momentum from hedge funds speculative positions have started to ebb as profit booking is evidently