What is a Commodity Trading Price Chart?
A commodities trading price chart is a representation of a sequence of commodities trading prices drawn on a graph as a commodity chart representation of commodities trading price movements.
This commodities trading price movement is then drawn over a period of time and this commodity chart price moves drawn on the commodities chart can be used to analyze the movement of a particular commodity instrument so as to determine if the commodity trend for that commodity instrument is down or up.
Commodity Trading Price Charts
A commodities trading price chart provides a representation of exchange rates (drawn on the y-axis) against time (drawn on the x-axis) for commodity.
The movement of commodities trading prices is drawn on these commodities trading price charts. The chart can be drawn as candlestick commodities trading price charts like the one below or as line commodities trading price charts or bar commodities trading price charts.
What is Commodity Trading Price Chart? - What is a Commodity Trading Price Chart? - What are Commodity Trading Charts
Technical analysis of commodity charts is then applied to these charts by using commodity tools provided by the commodity software. For example commodity MT4 platform provided commodity indicators and commodity line studies that can be used to analyze these commodities charts.
Commodities charts can also be drawn using different chart time frames.
The different chart time frames are used by different types of commodities traders.
For example:
- Commodities scalper use the 1 minute commodity chart time frame and the 5 minute commodity chart time frames
- Commodities day traders use the 15 minute commodity chart time frame and the 1 hour commodity chart time frames
- Commodities swing traders use the 4 hour commodity chart time frame and the daily commodity chart time frames
Periodicity Toolbar Menu on Commodity Trading Platform
Periodicity just means chart time frames, in MT4 commodity platform this charts time frames toolbar is used to select which chart time-frames to trade with.
Commodity Trading Price Chart Timeframes - What are Commodity Trading Price Charts?
The commodities trading price charts - chart time frames listed on the MT4 software are:
- 1 Min - M1
- 5 Minute - M5
- 15 Min - M15
- 30 Min - M30
- 1 H - H1
- 4 Hours - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
Type of Commodity Trading Price Charts
The three common types of commodities trading price charts used in commodities trading are:
- Candlestick Commodity Trading Price Charts
- Line Commodity Trading Price Charts
- Bar Commodity Trading Price Charts
These 3 types of commodities trading price charts are covered in the topic Commodities Trading Chart Types.
