How Do I Draw Commodities Trend Lines for Intraday Commodities?
How to Draw Commodities Trend Lines for Intraday Commodities
Example 1: How to Draw Upward Commodities Trend Lines for Intraday Commodities
To draw an upward commodity trend line on a commodity chart use two support points in a bullish upward commodity trend so as to draw the upward commodity trend line and then extend the commodity trend line as shown below. The upward commodity trend line on a commodity chart will show the general direction of commodity prices and as long as commodities price is above this upward commodity trend line then the upward commodity trend will remain intact - bullish up commodities trend.
If commodity prices move below the intraday commodity upward trend line which is the support level for the bullish upward commodity trend then commodities traders should close all their open commodities trades - because this might be a commodity trend reversal commodity signal. In an upward commodity trend commodities price should generally stay above the support level which is marked by the upward intraday commodity trend line.
How to Draw Commodities Trend Lines for Intraday Commodities Trading - Up Commodities Trend Line
How to Draw Upward Commodities Trend Lines for Intraday Commodities
Example 2: How to Draw Downward Commodities Trend Lines for Intraday Commodities
To draw a downward intraday commodity trend line on a commodity chart use two resistance points in a bearish downward commodity trend so as to draw the downward commodity trend line and then extend the commodity trend line as shown below. The downward commodity trend line on a commodity chart will show the general direction of commodity prices and as long as commodities price is below this downward commodity trend line then the downward intraday commodity trend will remain intact - bearish down commodities trend.
If commodity prices move above the downward commodity trend line which is the resistance level for the bearish downward commodity trend then traders should close all their open commodities trades - because this might be a commodity trend reversal commodity signal. In an downward commodity trend commodities price should generally stay below the resistance level which is marked by the downward intraday commodity trend line.
How to Draw Commodities Trend Lines for Intraday Commodities Trading - Down Commodity Trend Line
How to Draw Downward Commodities Trend Lines for Intraday Commodities
How to Draw Commodities Trend Lines for Intraday Commodities Trading on MetaTrader 4 Commodity Trading Software
The MetaTrader 4 commodities trading platform provides charting tools for drawing the commodity trend lines on commodities charts. To draw intraday commodity trend lines on a commodity chart, commodities traders can use the commodity trend line drawing tool provided on the MT4 software that is shown below.
How to Draw Commodities Trend Lines for Intraday Commodities Trading on MT4 Commodity Trading Software
To draw commodity trend lines on a commodity chart - just click the commodity trend line drawing tool above on the MetaTrader 4 technical analysis software and select point A where you want to start drawing and then point B where you want the commodity trend line to touch. You can also right click on the commodity trend line and on the commodity trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the commodity trend line, then uncheck this option in your Commodities Trading MT4 commodities trading platform. You can also change other commodity trend line properties such as color and width on this commodity trend line property popup window of the commodity trend line properties. You can download MetaTrader 4 commodity and learn how to draw commodity trend lines with it.
