Commodity Read Different Types of Commodity Trading Charts

Commodity Trade Different Types of Commodity Trading Charts

There are Three types of commodity charts: Line commodity chart, bar chart & candle chart.

Commodity Candlesticks Trading Charts - the commodity candlesticks trading charts use the same commodity trading price data as commodity bar charts (open, high, low, and close). However, commodity candlesticks trading charts represent the charts in a much more easily identifiable way which resembles a candle with wicks on both ends.

Commodity Trading Read Candlesticks Charts

The rectangle part of the candle is known as the body.

The high & low are described as shadows and are drawn as poking lines.

Commodity Trading Analyze Different Types of Commodity Trading Charts

The color of the commodity candlestick is either blue or red

• (Blue or Green Color candle) - Commodity Trading price moved up
• (Red Color candlestick) - Commodity Trading price moved down

Most commodity trading platforms like the MT4 commodities trading software, use colors to mark the direction of the commodity price. Colors used are blue or green: - green commodity candle-stick when price moves up, red commodity candle stick when price moves down.

What is Line Charts?

A line chart in Commodity Trading draws the closing commodity trading price of a commodities and connects this closing commodity trading price to the closing commodity trading price of the next trading period hence forming a continuous commodity line chart which draws the movement of commodity trading price movement.

Line Chart - plots a continuous line connecting closing commodity prices of a on the commodity trading price chart.

Commodity Trading Analyze Different Types of Commodity Trading Charts

What is Bar Charts?

Bar Charts are charts representation of the commodity trading price displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. Opening commodity trading price is displayed as a horizontal dash on the left & closing commodity trading price as a horizontal dash on the right.

Commodity Interpret Different Types of Commodity Trading Charts

Interpret Different Types of Commodity Trading Charts