What Does Commodities Retrace Mean?

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

Upward trend commodities price retrace - the commodities price moves upward in a commodity trend then it retraces before resuming the upward commodity trend direction

Downward commodity trend commodities price retrace - the commodities price moves downward in the commodity trend direction and then retraces before resuming the downward commodity trend direction.

What Does Commodities Retrace Mean? A commodities price retrace is a pullback of the commodities price before the commodity market resumes the original commodity trend movement.

Commodities Retrace Meaning and Commodities Retrace Definition - Example of a Commodities Retrace Pattern

What is Commodities Retrace Meaning? - What Does Commodities Retrace Mean? - Commodities Retrace Meaning and Commodities Retrace Definition

Explanation of Commodities Retrace Pattern

1-2: Commodities Price Moves Up - Commodities Trend Direction

2-3: Commodities Price Retrace

3-4: Commodities Price Moves Up - Commodities Trend Direction

4-5: Commodities Price Retrace

5-6: Commodities Price Moves Up - Commodities Trend Direction

The retrace definition of commodities price is explained on the commodity example - this represents a commodity retrace move in an upward commodities trend.