Trading Crude Oil Find Support & Resistance using Oil Trading Pivot Points

How to Find Support and Resistance using Pivot Points Explained

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

Oil Trading Pivot points will calculate 3 Support Levels below the current crude oil price and 3 Resistance Levels above the current oil price.

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

The pivot points indicator is made up of a central pivot which is surrounded by 3 resistance levels above & 3 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 oil trading signals

Buy oil signal - when crude oil price moves down towards one of the pivot support area, then touches the pivot support region or moves slightly beyond the pivot support region then it quickly reverses and starts moving upwards.

Resistance Levels using Pivot Points

Resistance Levels in Pivot Points are used to generate sell oil trading signals

Sell oil signal - when crude oil price moves up toward one of the pivot point resistance level, then touches the pivot resistance region or moves slightly beyond the pivot resistance region then it quickly reverses and starts moving downwards.

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

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