Oil Candlesticks Trading Chart Patterns

Oil Trading Doji Consolidation Oil Trading Candle-Stick Pattern and Oil Trading Marubozu Continuation Oil Trading Candlestick Pattern

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

Long Body Crude Oil Trading Candles

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 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 crude oil price did not move much from the opening crude oil price to the closing oil price.

These show that the buyers/sellers were not very strong.

Short Body Candles

Marubozu Candlestick

Marubozu are long candlesticks which have no upper or lower shadows, Like ones shown below.

Marubozu Crude Oil Trading Candles

Marubozu are continuing candlestick patterns that show crude oil price is going to continue in the same direction as that of marubozu candle. The marubozu can be white/blue or Black/red depending on the direction of the trend.

Marubozu Crude Oil Trading Candles

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

Marubozu means there were no retracements during that crude oil price period and therefore shows that buyers were in total control of the 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 and the close is also low.

Marubozu means there were no retracements and therefore shows that sellers were in total control of the oil price.

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