MCX Crude Oil and MCX Natural gas report: 4th January 2019

Insignia Consultants

New Delhi

Friday, January 4, 2019

TIME: 3:36 pm IST

MCX MID DAY TECHNICAL UPDATE

Crude oil, copper and NG are looking bullish. Gold and silver are looking slightly bearish at the moment.

MCX Crude Oil 18th January 2019: Support: 3301 Resistance 3401 (a) Crude oil can rise to 3401 and 3536 as long as it trades over 3280-3301. (b) Quick rise will be there over 3376. (c) Small sell off will be there below 3300.

MCX Natural Gas 28th January 2019: Support: 202.50 Resistance: 214.10. (a) Quick rise will be there over 212.20. (b) Small sell off will be there below 207.60.

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. 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.
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.
PLEASE USE A STOP LOSS OF MINIMUM RS.5000-RS.8000 PER LOT ON ALL INTRA DAY TRADES
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT
Indian Standard Time (IST): +5:30 GMT
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