While the demand is expected to fall the supply is expected to show continuous expansion. Put simply the prices should remain under pressure
It might not be the beginning of a bull run for oil prices yet. However in the immediate short term, the trend is skewed in favor of the bulls.
Possibility of a US rate hike spells upper limit for the gold prices and no concrete evidence of global recovery defines lower band for gold prices
Any hike in interest rates will further make dollar stronger, thereby affecting US economy negatively. This is something Fed would not be comfortable with.
Nickel prices have corrected significantly over the past many months and now seem to have formed an immediate bottom.
Sugandha Sachdev of Religare recommends selling crude at Rs 5,100 per barrel to Rs 5,120 per barrel, keeping a stop of Rs 5,160 per barrel, which is a crucial resistance level and prices are likely to trade lower towards level of Rs 5,020 per barrel.