Mcx Crude Oil Report 21st June 2019

Insignia Consultants

New Delhi

Friday, June 21, 2019

TIME 9:16 AM IST                   

 ------------------------------------------------------------------------------------------------------------------------

MCX CRUDE OIL REPORT

Momentum is very bullish for crude oil. Look for signs of profit taking.

Crude oil 19^th July 2019: (previous day close/CMP Rs.3993)

1. Crude oil needs to trade over 4020 to rise to 4098 and 4167.
2. Key resistance is at 4098 (100 day moving average. Crude oil will zoom if it trades over 4048.
3. Sell off will be there below 3940 or crude oil does not break 4098 today.
4. There can be very sharp two way moves.

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."

We have no branch

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 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
You can also mail your queries at insigniacommodity@gmail.com
Chat Id: telegram/whatsapp 9311139549