Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Crude Oil – Technicals

16 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


 


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


Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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