MCX Crude Oil Report: 9th September 2019

Insignia Consultants

New Delhi

Monday, 09 September 2019

TIME 8:30 AM IST                         

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MCX CRUDE OIL WEEKLY REPORT

Monday USA session is very crucial for gold and silver. Trend of gold and silver on Monday USA session will be the key.

Copper, crude oil and zinc are bullish.

It will be a technical trade this week. Use higher stop losses.

Crude oil 19th September 2019: (previous day close/CMP Rs.4054)

  1. 100 day moving average at 4035 is the initial support.
  2. 200 day moving average at 3940 is the key long term support.
  3. Crude oil can rise to 4217 and 4329 as long as it trades over 3940.
  4. Crash or sell off will be there below 3940.
  5. Momentum is very bullish.

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

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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