Currency Report and Mcx Crude Oil Report : 31st January 2019

NSE Currency Futures Report : 31st January 2019

Insignia Consultants

New Delhi

Thursday, January 31, 2019

TIME 9:20 AM IST                   

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MCX Crude Oil report

Venezuela tensions should be very bullish for MCX Crude Oil.

Crude oil 19^th February 2019: (previous day close/CMP Rs.3885)

Bullish over 3823 with 3954 and 4054 as price target.

Bearish below 3796 with 3766 and 3712 as price target.

Neutral Zone: 3796-3823

One Support: 3823

One Resistance: 3954

o      Crude oil is bullish.

o      Crude oil can rise to 3954 and 4048 today as long as it trades over 3800-3820 zone.

o      Small sell off will be there below 3823.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

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