MCX Energies Report: 11th January 2019

Insignia Consultants

New Delhi

Friday, January 11, 2019

TIME 7:01 AM IST                       

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MCX ENERGIES REPORT

Crude oil 18th January 2019: (previous day close/CMP Rs.3653)

Bullish over 3711 with 3775 and 3872 as price target.

Bearish below 3632 with 3581 and 3531 as price target.

Neutral Zone: 3632-3711

One Support: 3604

One Resistance: 3752

  • Look for signs of weekend profit taking in crude oil.
  • Remain on the sidelines today.
  • Small sell off will be there below 3632.
  • Crude oil needs to trade over 3700-3730 zone today to rise further.

Natural gas 28th January 18 (previous day close/CMP Rs.211.20):

Bullish over 207.60 with 219.80 and 230.10 as price target.

Bearish below 202.20 with 199.30 and 195.10 as price target.

Neutral Zone: 202.20-207.60

One Support: 207.60

One Resistance: 214.80

  • Quick rise will be there over 214.80.
  • 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. 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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