MCX Crude Oil Report: 20th May 2019

By: Admin
4 weeks ago
13936

Insignia Consultants

New Delhi

Monday, May 20, 2019

TIME 9:23 AM IST                       

 ------------------------------------------------------------------------------------------------------------------------

MCX CRUDE OIL REPORT

Direction of the Indian Rupee against the US dollar will dictate MCX Metals and Energy prices till 5:00pm.

Crude oil 19th June 2019: (previous day close/CMP Rs.4453)

  1. Key weekly resistance is at 4515.
  2. Key weekly support is at 4317.
  3. Crude oil can rise to 4614 this week as long as it trades over 4317. However there can be very sharp two way moves. All buy stop losses and sell stop losses can be hit this week.
  4. Small sell off will be there below 4369.
  5. Quick rise will be there over 4515 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.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

"Print this report only if absolutely necessary. Save Paper. Save Trees."

We have no branch

We do not have any marketing agents in any city in India

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

You can also mail your queries at insigniacommodity@gmail.com

Chat Id: telegram/whatsapp 9311139549