Commodity Chart Example

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Here is an example of how to read and use a Chart-Ex Commodity chart;

In this example where are using the “Week vs. Day” chart. The basic elements are;

Ø      The trading range is on one central axis.

Ø      The left hand side of the chart displays the H/L/C/ for the week.

Ø      The right hand side displays the H/L/C for the day.

Ø      The grey horizontal lines on the left represent cumulative volume at each price for the week.

Ø      The grey horizontal lines on the right represent cumulative volume at each price for the day.

Ø      The previous closing price is in blue with a line that dissects both time frames

Ø      The Days closing price is in green (if the market closed higher) or in red (if the market closed lower).

A number is a just a number; but by knowing the "value" of a number you are gaining an in-depth understanding of the market dynamics.  "Volume at price" puts a "value" on numbers; it will show you the strength or weakness of a market number. The "value" of the number can be determined by identifying which prices attract high volume and which prices attract low volume.

This concise charting platform lets you see the high volume price areas and low volume price areas at a glance.