Nymex Crude Oil Report: 10th October 2018

Insignia Consultants

New Delhi

Wednesday, October 10, 2018

TIME 7:18 AM IST                       

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CRUDE OIL REPORT

NYMEX CRUDE OIL (SEPTEMBER)  – current price $74.72

Bullish over $73.70 with $75.20 and $78.90 as price target

Bearish below $72.90 with $71.90 and $70.20 as price target

Trading strategy: Sell at $76.00 stop loss $78.20 for $70.60.

  • Small sell off will be there below $73.90
  • Crash will be there below $72.60.
  • Low risk trader remain on the sidelines.
  • Crude oil zoom if it manages to trade over $75.20.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto 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.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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