What's Marubozu Candlestick in Oil Trading? What is Marubozu Crude Oil Trading Candles Pattern in Oil Trading Trading?

What Does Marubozu Candlestick Mean? Marubozu Candlestick Definition

Marubozu candles patterns are long candlesticks which have no upper or lower shadows, Like ones shown below.

What is Marubozu Candlestick in Oil Trading? Marubozu Crude Oil Candlesticks Patterns

Marubozu candlesticks patterns are continuing oil candlestick patterns that show crude oil price is going to continue in the same direction as that of marubozu candle. The marubozu crude oil candlesticks pattern can be white/blue or black/red depending on the direction of the trend.

Marubozu Oil Trading Candles

White marubozu candlesticks patterns - the open is also the low & the close is also the high.

Marubozu crude oil candlestick patterns means there were no retracements during that crude oil price period and therefore shows that buyers were in total control of the oil price.

White Marubozu candlesticks pattern is a continuation pattern meaning that the next candle is likely to continue in same upwards oil trend direction.

Black marubozu candlesticks patterns - the open is also the high and the close is also low.

Marubozu candlesticks patterns means there were no retracements and therefore shows that sellers were in total control of the oil price.

Black Marubozu crude oil candlesticks pattern is a continuation pattern meaning that the next candle is likely to continue in same downward oil trend direction.