All language subtitles for 6. Crude Oil Top-Down Support and Resistance Analysis

Hello, guys, and welcome to the final video in this lecture, where I will perform the top-down analysis
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on crude oil.
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This strategy works with the same efficiency, whether you trade in forex commodities, metals or stocks.
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Once again, I will plot major support and resistance levels and crude oil monthly chart. The criteria
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remains the same as in all other video analysis we discussed earlier in the section.
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Once you have accomplished learning the concepts we have studied so far in this course, you have learned
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the key foundations of this strategy. Even though what you have learned can be easily
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applied to any market.,
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I strongly advise you to please focus on the guidelines I taught you while labeling these key support and
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resistance levels.
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The strength of top-down analysis in support and resistance trading is such that this approach tells
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you whether a trading opportunity is available in the near future or not, and thus you will be able
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to wait for the right set up to occur at these support and resistance zone that
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you have plotted on the daily and 4-hour timeframes.
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Now, coming back to this video, let us switch to lower timeframes now once we have all the key support
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and resistance levels on a monthly chart.
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Here on daily charts, I will zoom out to capture large data so that I can plot a resistance zone on
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crude oil.
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Next, I will plot the support zone in the same way that I've been teaching you in this section.
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And finally, you can see that price is very near to key resistance and possible sideways movement in the
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direction of support zone could occur here.
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Traders, I'm confident that what you have studied in this section is enough to understand how to draw support
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and resistance levels and znes on any freely traded market.
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This also conclude Section 3 of the course.
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And I will see you in the next video.