MCX Crude Oil report : 13th September 2019

Insignia Consultants

New Delhi

Friday, 13 September 2019

TIME 9:03 AM IST                         

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MCX CRUDE OIL REPORT

Fundamentals are still bearish for crude oil. Crude oil is in a cyclical period of low demand.  Travel season is not there in any part of the globe. Today one needs to look for weekend short covering.

Crude oil 19^th September 2019: (previous day close/CMP Rs.3901.00)

1. Crude oil needs to trade over 3800-3820 zone to rise to 4078 and 4200.
2. Crash will be there below 3933.

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. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

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