MCX Natural Gas & Aluminum Report: 11th March 2019

Insignia Consultants

New Delhi

Monday, March 11, 2019

TIME 9:33 AM IST                       

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MCX NATURAL GAS AND ALUMINUM REPORT

Recent range bound trade in Natural gas and Aluminum will be broken soon. Trump wants further reduction in Aluminum prices. I am against going long in Aluminum.

Natural gas 26th March 19 (previous day close/CMP Rs.198.10):

  • Massive resistance is between 203.80-205.50.
  • NG will zoom only if it breaks and trades over 205.50 to 209.10 and 219.
  • Crash will be there below 195.10.

Aluminum March 2019 (previous day close/CMP Rs.144.80)

  • Crash will be there below 142.10 only.
  • Overall trend is down as long as Aluminum trades below 147.00.
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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