Mcx Crude Oil Report: 10th October 2019

Insignia Consultants

New Delhi

Thursday, 10 October 2019

TIME 9:03 AM IST                         

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MCX CRUDE OIL REPORT

Even energy prices are looking at US-China trade deal to rise. Escalation of US –China trade war can result in MCX crude oil near term future falling to 3500 and 3200. At current price, I will prefer to remain on the sideline. Technically crude oil is bearish.

Crude oil 21^st October 2019: (previous day close/CMP Rs.3733.00)

1. Crude oil needs to trade over 3690 to rise to 3830 and 3900.
2. Crash today will be there below 3690 to 3633 and 3561.

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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