Menu
  • AFL2018
  • Training
  • Premium
  • Traders Cafe
  • Intraday signals
  • MCX Signals
  • Library

Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

  • Software
    • Amibroker
    • NinjaTrader 7
    • Ninjatrader 8
    • Option Action
    • Market Analyst
    • Metatrader
    • Python
    • Datafeed
  • Library
  • Markets
  • Commodities
  • Forex
  • Economy
    • Banking
  • Webinars
  • Trading Lessons
    • Algo Trading
    • Market Profile
    • Infographic
    • Video
You are here: Home / Commodities / Nymex CRUDE OIL Futures Short Term Overview

Nymex CRUDE OIL Futures Short Term Overview

April 27, 2017 by Rajandran Leave a Comment

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.

Related Readings and Observations

  • Analysis : Nymex Crude Oil Waiting for a Breakout Move?Analysis : Nymex Crude Oil Waiting for a Breakout Move? Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move […]
  • COMEX Gold and NYMEX Crude Long Term OutlookCOMEX Gold and NYMEX Crude Long Term Outlook COMEX Gold and WTIC Crude Weekly charts are shown here with ATR volatility trading system applied on top of it and William VIX indicator to guage the weekly volatility. It is observed that […]
  • Crude Oil broken Major EOD Support.Crude Oil broken Major EOD Support. Now Crude is trading around $100.50 & as we can see on charts crude finally manage to broke below the support trade line holding from start of 2014. The downside breakout came with […]
  • Gold Trading Outlook : On the Verge of BreakoutGold Trading Outlook : On the Verge of Breakout Gold price action remains muted despite the stock market crashing, global events like trade war, syrian attack. Its been trading in a very compressed range 1300-1350 range since the start […]
  • Oil Prices Vs. Production: See the “Elephant” Almost Everyone IgnoresOil Prices Vs. Production: See the “Elephant” Almost Everyone Ignores There's a widespread assumption that supply and demand drive oil prices. Almost all economists base their oil forecasts entirely on this premise, and so do many speculators. If the oil […]
  • Gold Medium Term Outlook – Trading Sentiment turns BullishGold Medium Term Outlook – Trading Sentiment turns Bullish Since last two years Gold is currently trading in a very broader range 200 point range (1150-1350 on weekly timeframe). Trading sentiment for this week turned to positive which indicates […]

Filed Under: Commodities Tagged With: Commodities, CrudeOIL, Nymex Crude

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email Newsletter

Sign up to receive email updates on latest trading strategies , analysis & financial market updates

We Respect Your Privacy

Premium Access

Username:
Password:
Remember Me
Lost your password?

Tools For Traders

  • Marketcalls Android App
  • MCX Signals
  • Intraday Signals
  • International Commodities
  • OI Tracker
  • Participation OI
  • Your Broker
  • Market Sentiment Analysis

Amibroker Updates

Amibroker Technical Analysis and Automated Trading System Workshop – Chennai and Mumbai

March 6, 2018 By Rajandran 16 Comments

Onetimeframing Against Initial Balance – Intraday Trading Strategy Amibroker AFL Code

March 4, 2018 By Rajandran 1 Comment

[STA2018] Systematic Trading using Amibroker – Online Workshop

January 30, 2018 By Rajandran 13 Comments

Absolute Monthly and Yearly Profit/Loss Table – Amibroker AFL Code

January 18, 2018 By Rajandran 4 Comments

How to Integrate Tradingview Charts and Ideas with Amibroker

October 1, 2017 By Rajandran 13 Comments

  • Facebook
  • Google+
  • Linkedin
  • RSS
  • Twitter
  • YouTube

Metatrader Updates

MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

March 20, 2018 By Rajandran 6 Comments

ChartIQ – WebTrader for MT4

December 4, 2017 By Rajandran 2 Comments

Metatrader 4 – Web Platform Overview

October 29, 2015 By Rajandran 8 Comments

William VIX FIX Indicator for Metatrader 4

May 16, 2015 By Rajandran 9 Comments

How to Install Custom MQL4 indicators in Metatrader

November 14, 2014 By Rajandran 5 Comments

Required US Government Disclaimer & CTFC Rule 4.41

​Futures trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. CTFC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this website or advertisement are for illustrative purposes only and not construed as specific advisory recommendations. All ideas and materials presented herein are for information and educational purposes only. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. This is not an offer to buy or sell futures interests.

About | Contact Us | Terms and Conditions | Privacy Policy | Support Policy | Disclaimer


© Copyright 2015 Marketcalls Financial Services Pvt Ltd · All Rights Reserved · And Our Sitemap · All Logos & Trademark Belongs To Their Respective Owners·

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.