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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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

MCX Crude Trading around the Support Zone – Short Term Overview

21 sec read

MCX Crude Hourly Charts

MCX Crude taken short term support at 3119 and bounced back on the hourly charts. Potential medium term supports around 2900. Nymex crude futures is also currently trading around the psychological reference 50 USD/Barrel. However on the daily timeframe price rejection around 200 MA 3316 and started pulling back down and the daily sentiment holds down.

Watch Intraday Crude Live Strategy here

MCX Crude Daily Charts

As there are mixed emotions prevailing in the shorter timeframes. 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 3160-3240.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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
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One Reply to “MCX Crude Trading around the Support Zone – Short…”

  1. Hi Rajandran,

    Madan (trader from Chennai) gave me your reference. I am looking for assistance in coding my trading style in Amibroker – Is there an email/phone I can reach you at?

    Regards
    Ravi

    Ps: I couldn’t find any other contact link on this page, hence leaving this as a comment.

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