MCX Copper and Crude Oil Report: 12th March 2019

Insignia Consultants

New Delhi

Tuesday, March 12, 2019

TIME 9:21 AM IST                       

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MCX COPPER AND CRUDE OIL REPORT

Copper and crude oil will be very volatile till tomorrow. News will be the key.

Copper April 2019:  (previous day close/CMP Rs.452.60)

  • Copper needs to trade over 452-453 zone after 12:30pm to rise to 456 and 460.
  • Key support is at 446.10.

Crude oil 19th March 2019: (previous day close/CMP Rs.3977)

  • Crude oil can rise to 4017 and 4068 as long as it trades over 3900.
  • Crash will be there below 3860 for the rest of the week.
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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