MCX Crude Oil and Natural Gas Report : 4th July 2019

Insignia Consultants

New Delhi

Thursday, July 4, 2019

TIME 9:21 AM IST                   

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MCX CRUDE OIL & NATURAL GAS REPORT

Momentum is down. Fundamentals are bearish for crude oil. Opec is trying its best to ensure that crude oil does not fall from here.

Crude oil 19^th July 2019: (previous day close/CMP Rs.3926)

1. Crude oil needs to trade over 3870-3900 zone to rise to 3980 and 4067.
2. Crash will be there only below 3870.
3. There can be very sharp two way moves.

Natural gas 26^th July 19 (previous day close/CMP Rs.157.80):

• NG needs to trade over 153 to rise to 160 and 165.
• Sellers will be there below 153.

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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