Trading Oil Interpret the 3 Different Types of Oil Trading Charts
Crude Oil Trade the 3 Different Types of Oil Trading Charts
Analyzing Oil Trading Charts
There are 3 types of charts used in Oil Trading: Line Oil Trading Charts, Bar Crude Oil Trading Charts & Candles Oil Trading Charts.
Line Crude Oil Trading Charts - plots a continuous line connecting closing oil prices of a oil.
Oil Trading Line Crude Oil Trade Charts - What are the 3 Different Types of Oil Trading Charts?
Bar Oil Trading Charts- 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.
Oil Trading Bar Crude Oil Trade Charts - What are the 3 Different Types of Oil Trading Charts?
Candle Stick Oil Trading Charts - these use the same crude oil price data as bar oil charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle stick with wicks on both ends.
Trading Oil Interpret
The rectangle part is called the body.
The high and low are described as shadows and plotted as poking lines.
Candlesticks Crude Oil Trading Charts - What are the 3 Different Types of Oil Charts?
The color of the candlestick is either blue or red
- (Blue or Green Color) - Oil Trading Prices moved up
- (Red Color) - Oil Trading Prices moved down
Most oil trading platforms like the MetaTrader 4, use colors to mark the direction. Colors used are blue or green: when crude oil price moves up, red: when crude oil price moves down.
How to Crude Oil Trade the 3 Different Types of Oil Trading Charts
