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)

Crude Technicals for the Week

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Crude : $104.45/Barell
 
News: Oil jumps above $104 a barrel on US bailout plan
 
Oil prices shot up more than $6 a barrel Friday, breaking back into $100 territory as a sweeping government plan to rescue the imperiled U.S. financial system emboldened investors to re-enter the markets.Crude has climbed over $13 in the past three days as US the government carries out a historic intervention into the financial system.
 
Technicals
 
Crude ultimately retraced from $90 as expected to bounce anyhwere 
between the support levels $97 and $86. for the week and And Now crude
is trading near the 20 day EMA(104.95)  resistance.
 
And the RSI is moving towards the 50 levels with stocastic facing upwards, Which is a bullish sign that 20 day EMA resistance may got broken easily. And crude may possibly
test 200 day MA $111.82 more positively by this week.
 
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)

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