Mcx Silver and Crude Oil Report : 2nd August 2019

Insignia Consultants

New Delhi

Friday, August 2, 2019

TIME 9:02AM IST                    

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MCX SILVER AND CRUDE OIL REPORT

Silver September 2019:  (previous day close/CMP Rs.40883)

1. Silver needs to trade over 40450-40550 zone today to rise to 41486 and 41965.
2. Sellers will be there below 40450 and crash below 40200.

Crude oil 19^th August 2019: (previous day close/CMP Rs.3816)

1. Crash till Monday will be there only below 3721 to 3594 and 3469.
2. In case crude oil does not fall below 3721 then it will rise to 3908 and 4010.
3. Remain on the sidelines at current price.

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

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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
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