What's a Candlesticks Chart in Commodity Trading?

Types of Charts in Commodity Trading

There are 3 types of charts used in Commodity Trading: Line charts, bar charts & candlesticks charts.

Candlesticks Charts - the candles charts use the same price data as bar charts (open, high, low, & close). However, they in a much more easily identifiable way which resembles a candlestick with wicks on both ends.

How to Read Commodity Candlestick Charts

The rectangle section is known as body.

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

What is Candlesticks Chart in Commodity Trading?

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

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

Most trading platforms like the MetaTrader 4 Commodity Trading Platform , use colors to mark the direction. Colors used are blue or green: - green candle-stick when price moves up, red candle stick when price moves down.