Types of Crude Oil Charts - Types of Crude Oil Trading Charts PDF
Types of Crude Oil Trading Charts
There are three types of oil charts: Line oil chart, bar oil chart & candlestick oil trading chart.
Crude Oil Trading Candle Sticks Charts - Types of Candlesticks Crude Oil Trading Charts in Oil Trading - the oil candles trading charts use the same crude oil price data as oil bar oil charts (open, high, low, and close). However, they represent the charts in a much more easily identifiable way which resembles a candle with wicks on both ends.
How to Trade Candlesticks Oil Trading Charts
The rectangle part of the candle is called the body.
The high & low are described as shadows & are drawn as poking lines.
Types of Crude Oil Charts & How to Read Them - Types of Oil Trading Candle Stick Chart - Types of Candles in Oil Trading
The color of the oil candle is either blue or red
- (Blue or Green Color candlestick) - Oil Trading price moved up
- (Red Color candlestick) - Oil Trading price moved down
Most oil trading platforms like the MT4 crude oil trading software, use colors to mark the direction of the oil price. Colors used are blue or green: - green oil candlestick when crude oil price moves up, red oil candlestick when crude oil price moves down.
Line Crude Oil Trading Charts
A line oil chart in Oil Trading draws the closing crude oil price of a oil pair and connects this closing crude oil price to the closing crude oil price of the next trading period hence forming a continuous oil line oil chart that draws the movement of oil price movement.
Line Crude Oil Chart - plots a continuous line connecting closing oil prices of a on the crude oil price chart.
Types of Crude Oil Charts & How to Read Them - Types of Oil Trading Line Crude Oil Trading Chart - Types of Line Oil Trading Chart in Oil Trading
Oil Trading Bar Crude Oil Trading Chart
Bar Crude Oil Trading Charts are charts representation of the oil price displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening crude oil price is displayed as a horizontal dash on left and closing crude oil price as a horizontal dash on the right.
Types of Crude Oil Trading Charts PDF - What are Different Types of Crude Oil Charts - How to Trade Oil Trading Charts
