How to find support and resistance levels?
First, when we analyze a chart or a market, we always study its left side. The left side represents the history of events, market developments, and human behaviors such as greed, fear, and confidence. It also includes insider trading based on those events and developments. Therefore, it is important to analyze as far back as possible. In my chart, I can see all the way back to 1983, when light crude oil first started trading in CME.
Second, we need to understand that when we analyze a chart, we are actually conducting data analysis of the market. What we see in the chart is data, but it can be difficult to interpret until we convert it into a pictorial format known as a chart. Just keep in mind that when we study a chart, we are analyzing its price data.
Reference of Crude Oil Trading:
CME Crude Oil Futures & Options
Minimum fluctuation
0.01 per barrel = $10.00
CME Crude Oil Futures
Minimum fluctuation
0.025 per barrel = $12.50
CME Micro Crude Oil Futures & Options
Minimum fluctuation
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
Second, we need to understand that when we analyze a chart, we are actually conducting data analysis of the market. What we see in the chart is data, but it can be difficult to interpret until we convert it into a pictorial format known as a chart. Just keep in mind that when we study a chart, we are analyzing its price data.
Reference of Crude Oil Trading:
CME Crude Oil Futures & Options
Minimum fluctuation
0.01 per barrel = $10.00
CME Crude Oil Futures
Minimum fluctuation
0.025 per barrel = $12.50
CME Micro Crude Oil Futures & Options
Minimum fluctuation
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
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