Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Four Visible Technical Signs that Crude Bottomed Out

37 sec read

Here are the 4 visible signs (Volatility Sentiment, Magazine Indicator, COT Percentile , Gold Oil Ratio) we look into it to predict the possible bottom in Crude.

1)Weekly Trading Sentiment turned and maintaining positive for last three weeks and Historical William VIX FIX indicator slowing down from the peak. William VIX fix indcator at historical peaks shows that volatility in crude is likely to fade out.

US OIL

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2)Gold Oil Ratio at all time high. High Probability of Gold-Oil Ratio mean reverts to its average. Currently Gold Oil Ratio is at 40 and last 30-year average of gold/crude ratio is 17.

Access Live MCX Crude Oil Chart here

Gold Oil Ratio

3)COT Percentile : Money Managers are very short crude oil. It’s rare to see both producers & users and money managers short crude. Money managers have aggressively covered their shorts in silver and gold over the past four weeks.

Cot Percentile Data

4)This Magazine Cover Indicator indicates possible bottom in crude oil.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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