MCX Crude Oil and Natural Gas Report: 18th April 2019

By: Admin
9853

Insignia Consultants

New Delhi

Thursday, April 18, 2019

TIME 9:14 AM IST                       

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MCX CRUDE OIL AND NATURAL GAS REPORT

The recent sideways trade in crude oil will be broken soon. Natural gas is bearish but oversold.

Crude oil 20th May 2019: (previous day close/CMP Rs.4455)

  • 4370-4530 is the wider trading range.
  • Crash will be there only below 4420.
  • Quick rise will be there over 4490.

Natural gas 25th April 19 (previous day close/CMP Rs.174.80):

  • 100% retracement is at 171.60.
  • NG needs to trade over 171.60 till future close next week rise to 190.50.
  • Right now trend is down. But crash will be there below 171.60 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

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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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