Commodities Trading Candlesticks Chart Patterns
Commodity Trading Candlesticks Consolidation Pattern and Commodity Candles Continuation Pattern
Depending on the size & shape of a Commodity Trading candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine underlying weakness of the buyers and sellers.
Long Body Commodity Trading Candlesticks
Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlestick.
When commodities price makes a huge move from the opening commodities price to the closing commodities price it shows the strength of buyers/sellers.
Long Blue Candles - Strength of Buyers
Long Red Commodities Candles - Strength of Sellers
Long Body Candles
Short Body Candlesticks
Candlesticks with short bodies show that there were not so many buyers/sellers and the commodities price did not move much from the opening commodities price to the closing commodities price.
These show that the buyers/sellers were not very strong.
Short Body Candlesticks
Marubozu Candlestick
Marubozu are long candlesticks that have no upper or lower shadows, Like illustrated below.
Marubozu Commodity Candles
Marubozu are continuing candle patterns which show commodities price is going to continue in same direction as that of the marubozu candle. The marubozu can be white/blue or Black/red depending on the direction of the trend.
Marubozu Commodity Trading Candlesticks
White marubozu - the open is also the low & the close is also the high.
Marubozu means there were no retracements during that commodities price period & therefore shows that buyers were in total control of the commodities price.
White Marubozu is a continuation pattern meaning that the next candle is likely to continue in the same upwards commodity trend direction.
Black marubozu - the open is also the high & the close is also low.
Marubozu means there were no retracements and therefore shows that sellers were in total control of the commodities price.
Black Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in the same downwards commodity trend direction.
