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)

The Volatile Crude and the Rude Global Markets

33 sec read

On monday international crude breaks more than 5% and settled around $50 level which is the lowest settlement since April 2009. Crude tumbled heavily after data showed Russian oil output at post-Soviet era highs averaging 10.58 million barrels per day and Iraq plans to expand crude exports to 3.3 million barrels a day this month. Followed by Crude collapsed Dow Jones lost nearly 330+ points amid crude breakdown. This might have huge impact on oil exporting nations and oil sector companies.

MCX Crude Volatility – Daily Chart
MCX Crude

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MCX Crude volatility chart shows that MCX crude is trading above is normal historical volatility and lots of fear among commodity traders to go long in crude. However trend trading players will be benifited a lot because of extended volatilty and huge price action everyday.

ATR Volatility chart shows that MCX Crude maintains a prolong sell mode since 30th Sep 2014. Current resistance zone comes around 3569.

MCX Crude ATR Volatility – Daily Charts
ATR Volatility

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 “The Volatile Crude and the Rude Global Markets”

  1. Hi Raj,

    New Year Greetings,

    Could you please make this monthly continuous crude chart available in your website. It will be helpful for us to refer.

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