Mcx Crude Oil Report: 29th August 2019

Insignia Consultants

New Delhi

Thursday, 29 August 2019

TIME 10:07AM IST                        

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MCX CRUDE OIL REPORT

Fundamentally crude oil is still bearish.

Crude oil 19^th September 2019: (previous day close/CMP Rs.4004.00)

o       100 day moving average at 4060 is the key resistance.

o       200 day moving average at 3934 is the key support.

o      There will be a technical breakout over 4060 to 4224.

o      Crash or bearish trend will be there only below 3934.

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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