What Does Oil Trading Retrace Mean?

The crude oil price on a oil chart does not move upward or downward in a straight line. Instead the crude oil price on a oil chart moves up or down in a zigzag pattern called a trend.

Upwards trend crude oil price retrace - the crude oil price moves upward in a oil trend then it retraces before resuming the upward oil trend direction

Downwards oil trend crude oil price retrace - the crude oil price moves downwards in the oil trend direction and then retraces before resuming the downwards oil trend direction.

What Does Oil Trading Retrace Mean? A crude oil price retrace is a pullback of the crude oil price before the crude oil market resumes the original oil trend movement.

Oil Retrace Explanation and Oil Trading Retrace Definition - Example of a Oil Trading Retrace Pattern

What Does Oil Trading Retrace Mean? - Oil Retrace Explanation and Oil Trading Retrace Definition

Explanation of Crude Oil Trading Retrace Pattern

1-2: Oil Trading Price Moves Up - Oil Trading Trend Direction

2-3: Oil Trading Price Retrace

3-4: Oil Trading Price Moves Up - Oil Trading Trend Direction

4-5: Oil Trading Price Retrace

5-6: Oil Trading Price Moves Up - Oil Trading Trend Direction

The retrace definition of crude oil price is explained on the crude oil trading example - this represents a oil trading retrace move in an upwards crude oil trend.