Commodity Trading Interpret the 3 Different Types of Commodities Trading Charts
Commodity Trade the 3 Different Types of Commodity Trading Charts
Commodity Trade Live Commodity Trading Charts
There are Three types of charts used in Commodity Trading: Line Charts, Bar Charts and Candles Charts.
Line Charts - draws a continuous line connecting closing commodity prices of a commodity.
Commodities Trading Line Commodities Trading Charts - What are the 3 Different Types of Commodity Trading Charts?
Bar Charts- displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. The Opening commodity trading price is displayed as a horizontal dash on the left & closing commodity trading price as a horizontal dash on the right.
Commodities Bar Charts - What are the 3 Different Types of Commodity Trading Charts?
Candle Stick Charts - these use the same commodity price data as bar charts (open, high, low, & close). However, they are drawn and represented in a more visually identifiable way which resembles a candlestick with wicks on both its ends.
Commodity Trading Interpret
The rectangle section is known as body.
The high & low are described as shadows and plotted as poking lines.
Candlesticks Charts - What are the 3 Different Types of Commodity Trading Charts?
The color of the candle is either blue or red
- (Blue or Green Color) - Commodity Trading Prices moved up
- (Red Color) - Commodity Trading Prices moved down
Most commodity trading platforms like the MT4, use colors to mark the direction. Colors used are blue or green: when price moves up, red: when the price moves down.
Interpret the 3 Different Types of Commodity Trading Charts
