Mcx Crude Oil Report : 31st May 2019

Insignia Consultants

New Delhi

Friday, May 31, 2019

TIME 9:05 AM IST                   

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MCX CRUDE OIL REPORT

Trade wars and subsequent recession fears should be bearish for all industrial metals.

Nickel mini traders cannot roll over their trades as MCX has decided against starting June contract. Copper only has one contract. Please trade very carefully in all industrial metals till there is a clarity.

Crude oil 19^th June 2019: (previous day close/CMP Rs.3921)

1. Crash will be there below 3921 to 3841 and 3611 by next week.
2. Crude oil needs to trade over 3960-4000 zone to be in short term bullish zone.

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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE 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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