MCX Crude Oil report : 16th September 2019

Insignia Consultants

New Delhi

Monday, 16 September 2019

TIME 9:08 AM IST                         

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MCX CRUDE OIL REPORT

Crude oil prices have bearish fundamentals. I am not buying crude oil. Use sharp rise to go short in crude oil with trailing stop loss of alteast 300-400 over sell price.

Crude oil 19^th September 2019: (previous day close/CMP Rs.4149.00)

Small sell off below: 3996

Quick rise over: 4217

1. Crude oil needs to trade over 4217 today to rise to 4268-4335 and 4452.
2. Crash will be there below 4066.
3. Remain on the sidelines.
4. Key short term resistance is at 4268

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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