MCX Crude Oil and Natural Gas Report: 11th July 2019

Insignia Consultants

New Delhi

Thursday, July 11, 2019

TIME 9:20 AM IST                       

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

MCX CRUDE OIL REPORT

Tensions in the Persian gulf apart can result in crude oil being very volatile.

Crude oil 19th July 2019: (previous day close/CMP Rs.4148)

  1. 100 day moving average is at 4120.
  2. 200 day moving average is at 4104.
  3. Crude oil needs to trade over 200 day MA of 4104 to rise to 4234 and 4334.
  4. Key intraday support is at 4025.
  5. Small sell off will be there below 4104.
  6. Momentum is very bullish.

Natural gas 26th July 19 (previous day close/CMP Rs.167.90):

  • NG needs to trade over 164.90 to rise to 173.60 and 185.40.
  • Crash will be there if NG does not break 172 today.

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