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)

MCX Crude – Recovery above 3210 Indicates Strength

16 sec read

Both Short term (Daily Sentiment) and Very Short term sentiment (Hourly) in MCX Crude holds down. Sideways action is expected with a possible test towards 3170. However any sustainable move coming above 3213 indicates resume of short term trend up that is more likely to keep the trend strong in the very short term.

Price might take its own time to settle down before taking a directional opinion. Until then price is expected to swing in a range between 3155-3213.

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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One Reply to “MCX Crude – Recovery above 3210 Indicates Strength”

  1. Hi Rajandran,

    I am looking at your Supertrend indicator for Amibroker v5. It looks very promising.

    Do you have this as a scanner to pick out stocks from day the Russel 3000? I would like to run this each day to pick out stocks that have triggered a buy or sell signal.

    Also, do you have backtest results using a daily period as opposed to 15min?

    Kind regards
    Alex, London

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