How to look at the spot crude oil support and resistance
An extension of the resistance that has been promoted or difficult to rise down position, and support is always very difficult to not go down or down position, if you look at the chart will know, the peak refers to the resistance, while the peak valley is support. Can be followed by resistance and support to do a bit, but it is not suitable to do all the time, but also need to be careful, may at some point will break resistance and support
3, moving average. 5 cycle average, the average of the 10 cycle, the cycle of the 30 are supporting resistance.4, the Fibonacci callback line can also be used to support extension resistance.Way is to use K line to find support and pressure, or Bollinger band can beFor example, you see the K line every time you touch a point near it will rebound or callback
The upper and lower middle rails of the Bollinger belt, the upper rail as the resistance, and the lower rail as the support. If the price is between the upper and middle rail, then the track is the support, if the price is running between the middle and lower rail, then the track that is resistance.
Finishing the following points:1, the first few times the high and low candle figure, if the price has not been able to break a point, then this place will form a natural support and resistance.
