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Kairi in Commodities Here is an application of Kairi on the daily crude oil (CLc1) chart. As you can see in Figure 7, this is an easy chart to analyze, displaying only two phases: a medium-term downtrend and a short-term uptrend. In addition to correctly identifying the directional turn and the overbought/oversold areas, Kairi helped with a bullish divergence. Notice the lower lows in oil and the higher lows in Kairi (yellow lines)

Conclusion The Kairi indicator accurately shows both direction changes and extreme phases of the market. Divergence between Kairi and the price often-times forecasts not only a weakening of its directional move, but also a turn. Good luck!

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Figure 7. Application of Kairi on the daily crude oil chart.