Commodity Trading Find Support & Resistance Zones using Pivot Points

How to Find Support & Resistance using Pivot Points Explained

Traders wanting to trade using commodity support and resistance levels can use commodity Pivot Points indicator which is used by commodity technical traders to calculate Resistance Zones as well as Support Areas for the commodity trading price.

Commodity Trading Pivot points will calculate 3 Support Levels below current commodity trading price and 3 Resistance Levels above the current commodity trading price.

Traders can use commodity Pivot Points indicator to find where these Support and Resistance Levels are - and then use these Support and Resistance Levels to open their commodities trades or close their commodities trades depending on the signals generated by their trading system.

The pivot points technical indicator is made up of a central pivot which is surrounded by Three resistance levels above and Three support levels below

Resistance Level 3

Resistance Level 2

Resistance Level 1

Pivot Point

Support Level 1

Support Level 2

Support Level 3

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Support Levels using Pivot Points

Support Levels in Pivot Points are used to generate buy trading signals

Buy commodity signal - when price moves down towards one of the pivot points support level, then price touches indicator support area or moves slightly through the indicator support area then quickly reverses and starts to move upwards.

Resistance Levels using Pivot Points

Resistance Zones in Pivot Points are used to generate sell signals

Sell commodity signal - when price moves up toward one of the pivot point resistance level, then touches trading indicator resistance area or moves slightly through the technical indicator resistance area then quickly reverses and starts to move downward.

Support Levels in Pivot Points are used to generate buy signals - Resistance Levels in Pivot Points are used to generate sell signals

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