WEEKLY TECHNICAL REPORT FOR COMEX/NYMEX FUTURE
NYMEX CRUDE OIL 1ST Contract
Current Market Price: $71.34
Support: $66.50-$67.70-$68.96-$69.50-$70.20
Resistance: $72.40-$73.70-$74.90-$76.10-$77.70
Weekly View:
· 100 day moving average
at $69.40 is the key short term support.
· Crash will be there
only below $69.40.
· I will prefer to remain
on the sidelines this week.
· In case crude oil does
not fall below $69.40 this week, then chances of $77.70 will be very high.
Disclaimer: Any
opinions as to the commentary, market information, and future direction of
prices of specific currencies, crypto currency, 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
NOTES
TO THE ABOVE REPORT
All price above are in
US dollars, unless otherwise specified.
Indian Standard Time
(IST): +5:30 GMT
Current Market Price
(CMP)
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.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
WEEKLY LEAD REPORT
Lead
31st October 2018: (previous day close/CMP Rs.152.20):
Support:
137.20-140.80-144.70-146.40-148.60-150.70
Resistance:
154.70-156.30-159.60-163.50-167.10-169.70
o
100 day moving average is at 152.60.
o
200 day moving average is at 156.30.
o
Lead can zoom to 167.10 and 169.70 on a break of
156.30.
o
Corrections upto 144.70 are a part of the bull rally.
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