Commodity Trading Charts Online Commodity Course Beginner Traders Tutorial and Charts Patterns Analysis

Commodity Trading Charts Analysis Technical Strategies PDF

There are three types of charts used in Commodity Trading: Line Chart, Bar Chart and Candlesticks Chart - How to Predict Commodity Trading Charts.

How to Predict Commodity Trading Charts

Line Charts - commodity line charts draw a continuous line connecting closing commodity prices of commodity.

Commodity Trading Line Charts - How to Predict Commodity Trading Charts

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

Commodity Bar Charts - How to Predict Commodity Charts Beginner Traders PDF

The main disadvantage of commodity trading bar chart is that it is not visually appealing, therefore most traders don't use them.

Commodity Trading Candlesticks Charts - these commodity candlesticks charts use the same price data as commodity trading bar charts (open, high, low, & close). However, they are plotted in a much more visually identifiable way which looks like a candlestick that has wicks on both of its ends.

How to Interpret Candlesticks Charts

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

The high and low of commodity candle are called as shadows and are plotted as poking lines.

How to Predict Commodities Trading Charts

color of the commodity candle-stick is either blue or red:

• (Blue or Green Color Candlesticks) - Commodity Trading Prices moved up
• (Red Color Candlesticks) - Commodity Trading Prices moved down

Most commodity trading platforms like the MT4 Commodities Trading Software, use colors to mark the direction of the commodity price. Commodity Trading Candle Sticks colors used are blue or green: when price moves up, color of commodity candle is blue: when price moves downward, color of commodity candlestick is red.

How to Predict Commodities Trading Charts

When Commodity Trading candle sticks charts are used it's very easy to see if the commodity price moved up or down as opposed to when bar charts are used.

The Japanese candles charts trading techniques also have very many candles formations which are used to trade the Commodity Trading Markets. These commodities chart patterns have different technical analysis explanation and the most common are:

Commodity Trading Charts Online Commodity Course Beginner Traders Lesson Beginner Traders Tutorial

The above commodities candlesticks patterns is what makes the Japanese candlesticks chart patterns popular among commodity traders & it is why this type of commodity chart analysis technical analysis are the most widely used when it comes to analyzing the Commodity Trading market.