Insignia Consultants
New Delhi
Monday, May 20, 2019
TIME 9:23 AM
IST
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MCX CRUDE OIL
REPORT
Direction of the Indian Rupee against the US dollar will
dictate MCX Metals and Energy prices till 5:00pm.
Crude
oil 19th June 2019: (previous day close/CMP Rs.4453)
- Key weekly resistance
is at 4515.
- Key weekly support is
at 4317.
- Crude oil can rise to
4614 this week as long as it trades over 4317. However there can be very
sharp two way moves. All buy stop losses and sell stop losses can be hit
this week.
- Small sell off will be
there below 4369.
- Quick rise will be
there over 4515 only.
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
"Print this report only if absolutely
necessary. Save Paper. Save Trees."
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We do not have any marketing agents in any city in India
NOTES TO THE ABOVE
REPORT
ALL VIEWS ARE INTRADAY
UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY
CLOSING BASISPLEASE 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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