Rajandran R Follow Creator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.

Crude Oil – Technicals

September 6, 2008 15 sec read

For the First Time Trying to Interpret Commodities Charts and Starting with

WTIC – Light Crude

WTI Crude : CMP : 106.23

EOD Charts

Crude Broken the Major Support 200MA $111/Barrel and currenlty at oversold levels
and the downside resistance coming near $100 as shown

Inferece From Weekly Charts

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Weekly Charts signals supports at $100 Few Bounce backs may expected as crude
is heavily oversold at this levels. Breaking the supports may expect $78 on the cards