Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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