Precious Metal::: The precious metal is encouraged by dovish tone from Federal Reserve for halting the interest rate cycle in 2019. Gold futures are trading above the $1290 territory. The precious metal is expected to bring more gains for the optimist traders as it is trading in a momentum flag pattern on 4-hour chart.
Energy::: Crude Oil WTI futures has formed a Bullish 'Marubozu' candle stick pattern in previous trading session which brings more gains for the traders. On domestic upfront, MCX Crude Oil has witnessed a resistance near the traditional trend line. A break above 3775 levels will fuel the black gold to a level of 3951 levels.