Futures
Futures - Support, resistance and trends
Level: Beginner / Length: 5 minutes
Markets tend to move in a general direction, or trend. In this module we’ll explore technical analysis in more detail, including how to identify trends, as well as key levels of support and resistance.
There are three main trends adopted by traders: Major or long-term trend, intermediate and short-term trends. The intermediate trend, which could last up to several months, is most often used by traders to confirm the overall direction of the market.
- Support and resistance – what do they mean?
- What a trend is within technical analysis?
- The different types of trend