MCX Crude Oil Report: 14th August 2019

By: Admin
19507

Insignia Consultants

New Delhi

Wednesday, 14 August 2019

TIME 9:50AM IST                          

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MCX CRUDE OIL REPORT

Tomorrow MCX is closed full day. Trend after the release of US weekly crude oil inventory is the key.

Crude oil 19th August 2019: (previous day close/CMP Rs.3999)

  1. 200 day moving average at 3953 is the key support.
  2. Crude oil can rise to 4110 today as long as it trades over 3953
  3. Crash today will be there below 3953.

Natural gas 27th August 19 (previous day close/CMP Rs.153.90):

  • NG needs to trade over 149-150 zone to rise to 156 and 161.
  • Sell off will be there below 149.

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

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