MCX Crude Oil Report: 12th April 2019

By: Admin
2 weeks ago
1904

Insignia Consultants

New Delhi

Friday, April 12, 2019

TIME 9:23 AM IST                       

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MCX CRUDE OIL REPORT

Better to remain on the sidelines in crude oil today.

Crude oil 18th April 2019: (previous day close/CMP Rs.4420)

  • Small sell off will be there below 4396.
  • Crash will be there if crude oil does not break 4463 today.
  • Bearish case: If crude oil falls today and Monday then chances of 4176 by 17th April be very high.
  • Bullish case: Crude oil needs to trade over 4463 today rise to 4500 and 4545

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

The analyses are based on closing price of previous day. Maintaining proper stop loss is always recommended.

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