MCX Crude Oil Report: 8th November 2019

By: Admin
5 weeks ago
4802

Insignia Consultants

New Delhi

Friday, 08 November 2019

TIME 9:39 AM IST                         

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MCX CRUDE OIL REPORT

Crude oil has always been a day trader’s paradise. Intraday volatility will be on the higher side. If the rupee weakens against the US dollar, then crude oil will not fall by much.

MCX Crude oil 19th November 2019: (previous day close/CMP Rs.4058.00)

Small sell off below: 4040

Quick rise over: 4120

  1. Crude oil needs to trade over 4010-4020 zone to rise to 4100 and 4146.
  2. Crash will be there below 3980 only.

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

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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