Insignia Consultants
New Delhi
Monday, March 18,
2019
9:39 AM IST
------------------------------------------------------------------------------------------------------------------------
MCX CRUDE OIL
REPORT
Momentum is bullish for crude oil. Gains in the rupee
against the US dollar can limit rise.
Crude
oil 18th April 19: (previous day close/CMP Rs.4057.00)
o
Key long term resistance is at 4163.
o
Bullish case: Crude oil needs to break and trade over
4163 to rise to 4300 and 4510.
o
Bearish case: Crash will be there if crude oil does
not break 4163 by 29th March to 3909 and 3837.
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
"Print this report only if absolutely
necessary. Save Paper. Save Trees."
NOTES TO THE ABOVE
REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY
CLOSING BASISPLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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