MCX Crude Oil Report : 5th September 2019

Insignia Consultants

New Delhi

Thursday, 05 September 2019

TIME 9:01AM IST                          

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MCX CRUDE OIL REPORT

Trend after the release of US weekly crude oil inventories will be the key for crude oil. At the moment, momentum is very bullish for crude oil.

Crude oil 19^th September 2019: (previous day close/CMP Rs.4049.00)

1. A break of 4078 will result in 4204 and 4328.
2. Yes key long term resistance is at 4078.
3. Sellers will be there below 4078.

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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