MCX Crude oil Report: 6th March 2019
Wednesday, March 6, 2019
TIME 9:31 AM IST
MCX CRUDE OIL REPORT
Crude oil will break free from 3900-4020-4160 wider trading range. Be prepared for a new range anytime soon.
Crude oil 19th March 2019: (previous day close/CMP Rs.3970)
Key Support: 3923
Key Resistance: 4069
- Wider trading range is 3861-3904-4049-4111.
- Sell off will be there below 3947.
- Crude oil will zoom if it trades over 4060 after the release of US weekly crude oil inventories.
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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