Best Crude Oil (WTI) Q4 Intraday Trading Strategy

Crude oil trading can be highly lucrative, especially when utilizing effective intraday strategies. Understanding key support and resistance levels, and having a well-defined trading plan can significantly enhance your trading performance. In this article, we will explore the best Crude Oil (WTI) Q4 intraday trading strategy, focusing on pivotal levels and potential market movements.

Crude Oil Strategy for Intraday

Crude Oil (WTI) (Q4) Intraday: Turning Up

Pivot: 77.90

Our Preference: Long positions above 77.90 with targets at 78.80 & 78.95 in extension.

Alternative Scenario: Below 77.90 look for further downside with 77.60 & 77.35 as targets.

Comment: The break above 77.90 is a positive signal that has opened a path to 78.80.

Crude Oil 20 Points Strategy

A key aspect of successful intraday trading is to identify and trade based on significant pivot points and support/resistance levels. Here’s how to implement a 20 points strategy for crude oil intraday trading:

Supports and Resistances:

Level	Position Type	Action
79.40	Resistance	Consider taking profits or looking for reversal signs
78.95	Resistance	Monitor for breakout or reversal
78.80	Resistance	Target for long positions above 77.90
78.26 (Last)	Current Price	Keep an eye on market behavior at this level
77.90	Pivot	Key level to determine long or short positions
77.60	Support	Watch for potential bounce or breakdown
77.35	Support	Consider long positions if the price holds

Crude Oil Strategy Builder

Using a strategy builder can help in systematically planning your trades. Here’s a simplified approach Gold Intraday Trading Analysis: Supported by a Rising Trend Line:

1. Identify Pivot Point: Start with the key pivot point (77.90).
2. Determine Entry Points: Look for long positions above the pivot point.
3. Set Targets: Define targets at 78.80 and 78.95 for profit-taking.
4. Manage Risk: Set stop-loss levels below 77.90, specifically at 77.60 and 77.35.
5. Monitor Market Conditions: Keep an eye on overall market sentiment and news that could impact crude oil prices.

Conclusion

Intraday trading in Crude Oil (WTI) can be highly rewarding with the right strategy. By focusing on key pivot points and support/resistance levels, traders can make informed decisions and capitalize on market movements. The provided table and strategy outline serve as a comprehensive guide to navigating the Crude Oil (WTI) Q4 market. Always remember to manage risks and stay updated with market news for the best trading outcomes.

By leveraging these strategies and tools, you can enhance your intraday trading performance and achieve consistent results in the Crude Oil (WTI) market.

---

For more detailed insights and expert trading tools, you can visit Free Robot Forex. They provide premium buy-sell signal indicators and expert advisors to support your trading journey.