What are Crude Oil Trading Chart Patterns in Oil Trading?

Chart patterns in oil trading are commonly occurring repeating patterns that form on crude oil price charts and these crude oil chart patterns are used to analyze the oil price movement so as to attempt to predict the next direction of crude oil price based on the study of these commonly repeating crude oil trading chart patterns.

What are the Common Crude Oil Trading Chart Patterns?

The common Oil Trading Chart patterns are classified in to Three different categories:

1. Reversal Candlesticks Oil Trading Chart Patterns

• Double tops Candle Oil Trading Chart Patterns

• Double bottoms Candlestick Oil Trading Chart Patterns

• Head & shoulders Candle Oil Trading Chart Patterns

• Reverse head and shoulders Candle Oil Trading Chart Patterns

2. Continuation Candlesticks Oil Trading Chart Patterns

• Ascending triangle Candle Oil Trading Chart Patterns

• Descending triangle Candle Oil Trading Chart Patterns

• Bull flag/pennant Candlestick Oil Trading Chart Patterns

• Bear flag/pennant Candlestick Oil Trading Chart Patterns

3. Bilateral Candlesticks Oil Trading Chart Patterns

• Symmetric triangle - Consolidation Candle Oil Trading Chart Patterns

• Rectangle - Range Candlestick Oil Trading Chart Patterns

Candlestick Crude Oil Trading Chart Patterns Oil Trading