MCX Crude Oil Report: 9th January 2019

Insignia Consultants

New Delhi

Wednesday, January 9, 2019

TIME 8:25 AM IST                       

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MCX CRUDE OIL REPORT

Crude oil 18th January 2019: (previous day close/CMP Rs.3474)

Bullish over 3425 with 3544 and 3711 as price target.

Bearish below 3378 with 3320 and 3271 as price target.

Neutral Zone: 3378-3425

One Support: 3423

One Resistance: 3511

  • Crude oil can rise to 3613 and 3711 today as long as it trades over 3400.
  • Risk traders use a buy on dips strategy with a stop loss below 3330.
  • Quick rise will be there over 3511.
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. Website www.insigniaconsultants.in. Prepared by Chintan Karnani
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
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
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