What is Candlesticks Commodity Trading Charts?
Types of Commodity Charts
There are 3 types of commodity charts: Line commodities trading chart, bar commodity chart and candle commodities trading chart.
Commodity Trading Candlesticks Charts - the commodity candlesticks commodity charts use the same commodities price data as commodity trading bar commodity 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 Read Candles Commodity Charts
Rectangle part of the candlestick is called the body.
The high & low are described as shadows & are plotted as poking lines.
Different Types of Commodities Charts - Types of Commodity Trading Charts & How to Read Them
The color of the commodities trading candlestick is either blue or red
- (Blue or Green Color candle) - Commodities price moved up
- (Red Color candle) - Commodities price moved down
Most commodity trading platforms like the MT4 commodities trading platform, use colors to mark the direction of the commodities price. Colors used are blue or green: - green commodity candle when commodities price moves up, red commodity candle when commodities price moves down.
What is a Line Commodities Trading Charts?
A line commodity chart in Commodity Trading draws the closing commodities price of a commodity & connects this closing commodities price to the closing commodities price of the next trading period hence forming a continuous commodity line commodity chart that draws the movement of commodities price movement.
Line Commodity Trading Chart - plots a continuous line connecting closing commodities prices of a on the commodities price chart.
Different Types of Commodities Charts - Types of Commodity Trading Charts & How to Read Them
What is a Bar Commodity Trading Charts?
Bar Commodity Trading Charts are charts representation of the commodities price displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW and CLOSE. The Opening commodities price is displayed as a horizontal dash on the left & closing commodities price as a horizontal dash on right.
Different Types of Commodities Charts - Types of Commodity Charts and How to Read Them - What is a Bar Commodity Trading Charts
