DeMark Projected Range Commodity Trading Technical Analysis & DeMark Projected Range Trading Signals

Developed by Tom Demark.

This commodity technical indicator is used to signal the potential high and low commodity prices that a commodity chart price is likely to reach.

This is referred to as the range projection and it is calculated using the open and the close commodity prices of the most recent commodity price period.

DeMark Projected Range

Commodity Trading Technical Analysis & How to Generate Signals

This commodity technical indicator will show two points, the projected high and the projected low of a specific commodity price period. This will be used as the reference point.

Bullish Up Commodity Trading trend Signal

If the next commodity price bar opens above the projected high then the commodities trading market will continue in an upwards Commodity Trading trend.

Bearish down commodity trend Signal

If the next commodity price bar opens below the projected low then the commodities trading market will continue in a downwards Commodity Trading trend.

Ranging Commodity Trading Market

If the next commodity price bar opens within the projected range, then this is a signal that the commodities trading market will remain in a range base.