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

Nymex CRUDE OIL Futures Short Term Overview

April 27, 2017 25 sec read

Crude OIL Futures – Hourly Chart

Nymex Crude is showing a short term consolidation on the hourly timeframe with divergence witnessed when fisher transform is applied over the chart. Daily Trade Sentiment turned positive which could bring imminent short term up move.

Crude OIL Futures – 4 Hour Chart

4-hourly charts shows a positive uptrend and the fisher transform sentiment as well rising and positive which indicates momentum in progress and only a sustained move below 48.80 could change the trend back to negative. Until then a sideways to upside moment is expected to continue in the short term.50% retracement for the current downtrend leg comes around 51.3 (approx) which is the ideal focus on the upperside.