How to Draw Oil Trend Lines Oil

There are two types of oil trend-lines – upward oil trend line & downwards oil trend line. The oil step by step procedure of how to draw oil trend-lines for upwards oil trend downwards oil trend is explained below:

How to Draw Oil Trend Lines Crude Oil Trading on Oil Trading Charts

To draw this upwards oil trend line setup we use supports. To draw it correctly two support levels are needed as shown & illustrated on oil example shown below.

How to Draw Oil Trend Lines Oil Trading on Crude Oil Charts - How to Draw Oil Up Ward Oil Trend Line

How to Draw Crude Oil Trendlines Oil Trading on Crude Oil Trading Charts

To draw downward oil trends we use resistance levels and to do it correctly two resistances are needed as shown and illustrated on the oil example shown below.

How to Draw Oil Trend Lines Oil Trading on Crude Oil Charts - How to Draw Oil Down Ward Oil Trend Line

How to Draw Oil Trend Lines

To draw Oil TrendLines on MetaTrader 4 Crude Oil Charts use MT4 Crude Oil Trading Charts Drawing Tools For Drawing Oil TrendLines in MT4 Crude Oil Trading Charts

The MT4 oil trend line drawing tools used to draw these oil trend line setups on the MetaTrader 4 are located on the MT4 drawing charts tool bar within MT4 oil charts, To access this MT4 charts toolbar if it is not activated on your platform, Click in "View" Next to "File" at the top left corner of the MT4 platform and click "View", Then Click on "Tool bars", Then Check the "Lines Toolbar" by clicking on it - Crude Oil MT4 Draw Line Tools - Crude Oil MT4 Drawing Tools.

Shown Below is example of the MT4 oil trendline drawing charts tool-bar. To draw a oil trend line on a oil chart click this oil trend line drawing tool & choose the point where you want to draw the upward oil trend line or a downward oil trend line.

How to Draw Oil Trend Lines on Crude Oil Charts on MT4 Oil Trading Charts