MCX Crude Oil and Natural Gas Report : 24th July 2019

Insignia Consultants

New Delhi

Wednesday, July 24, 2019

TIME 9:12AM IST                    

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MCX CRUDE OIL AND NATURAL GAS REPORT

Crude oil will break free from the recent consolidation phase anytime and form a new range. Natural gas either rises or crashes.

TECHNICAL VIEW

Crude oil 19^th August 2019: (previous day close/CMP Rs.3948)

1. There can be sharp pull back rallies as long as crude oil does not fall below 3826 to 4015 and 4146.
2. Crash will be there below 3820.

Natural gas 26^th July 19 (previous day close/CMP Rs.158.40):

• NG can rise to 170 and 176 by Thursday as long as it trades over 153.00.
• Crash will be there below 153.00.

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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