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Day Trading results for WTI Crude Oil on the 4th August 2021. The chart includes Futurepivots, 1hr support, and resistance lines including EMA (Exponential Moving Average).

Below are the daily charts for crude oil futures on investing.com. The first chart’s time frame is 5 min and the other four images are showing the 1 min time frame.

I set the charts up in the morning just before the UK open at 8 am GMT,

This is for my reference and records for me to use for reference in the future, but I am posting them on my website just in case you felt like using any of the info I provide.

TimeC-TimeBuy-SellOpenS-LossRiskRewardResult
9:029:32Buy70.6670.521433-14
9:359:37Sell70.4670.601438-14
9:3810:43Sell70.5870.621450+20

The conclusion from trades.

First trade of the day 9:02am Open

Good Trade well executed according to the trading plan.

Position opened as showing signs of support Above future pivot lines. price went up to about +£300 but I was waiting for it to continue up towards the pivot line. Price pulled back and took out my stop loss.

The second Trade of the day opened at 9:35 am

Good trade again but open was bad the market dropped about 15 pips as I clicked the button the market bounces right back and took out my 14 pip stop loss within mins.

The third trade of the day opened at 9:38 am

Good trade market had moved below futurepivots, and had moved back up so I took the opportunity and opened another short. the market dropped to +£720 but I didn’t close I was hoping to hold on and take a bigger drop in price.

the market bounced up back to pivot line and dropped again it then climbed back up and stalled and bounced around for a few mins so i decided to get out with 20 pips in my favour.

WTI Crude Oil Full Day chart for 04/08/2021

WTI Crude oil Chart day results 8am - 8am

WTI Crude Oil Chart 8 am – 11 am

You can see on the image below that the price pushes through the futurepivots (Purple Lines)then comes back to retest this area. The market then goes back through the futurepivots and continues down.

WTI Crude oil Chart 8 am - 11am

WTI Crude Oil Chart 11 am – 2 pm

After the price pushed back through the fururepivots it dropped to the 1-hour pivot line (Yellow Line) found support at level bounced 25 pips then pulled back to follow the down trend.

This left miltiple oportunites to trade depended on your style and risk ratio.

WTI Crude oil Chart 11 am - 2 pm

WTI Crude Oil Chart 2 pm – 5 pm

The price fell quite a lot found support then came back up to the 1 hour resistance line then pushed back down again.

Im finding this to be a real test of paitence and sitting on your hands until something lines up is the right thing to do.

WTI Crude oil Chart 2 pm - 5 pm

WTI Crude Oil Chart 5 pm – 8 pm

WTI Crude oil Chart 5 pm - 8 pm

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