Crude Trading Candlesticks Chart Patterns

Oil Trading Candlesticks Consolidation Pattern and Oil Candles Continuation Pattern

Depending on the size & shape of a Oil candle-stick it is possible to determine strength of buyers or sellers. Likewise it's also possible to determine underlying weakness of the buyers & sellers.

Long Body Crude Trading Candlesticks

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlestick.

When crude oil price makes a huge move from the opening crude oil price to the closing crude oil price it shows the strength of buyers/sellers.

Long Blue Candles - Strength of Buyers

Long Red Oil Candle-sticks - Strength of Sellers

Long Body Candles

Short Body Candlesticks

Candlesticks with short bodies show that there were not so many buyers/sellers and the crude oil price did not move much from the opening crude oil price to the closing crude oil 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 the ones displayed and shown below.

Marubozu Crude Oil Candles

Marubozu are continuing candlestick patterns that show crude oil 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 Crude Trading Candlesticks

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

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

White Marubozu is a continuation pattern meaning that the next candle is likely to continue in same upwards oil 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 crude oil price.

Black Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in same downwards oil trend direction.