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Understanding Market Information for Technical Analysis: Bar Charts

Learn how bar charts provide key market data such as price, volume, and open interest, helping analysts predict trends. Discover how rising and falling prices, volume, and open interest indicate market movements and trend changes. Gain insights into market nicknames like Bullish and Bearish and grasp the concepts of price trends, including uptrends, downtrends, and trading ranges.

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Understanding Market Information for Technical Analysis: Bar Charts

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  1. Commodity Marketing Chapter #3 Technical Analysis

  2. Bar Charts • Important market information: Price: high, low, close for the day Volume: number of contracts traded Open Interest: number of contracts that haven’t been offset • Analyst records past history, but can use this information to help predict

  3. Charting Prices

  4. Bar Charts

  5. Bar Charts • Volume: measure urgency behind price moves • Open Interest: number of contracts at the end of each day that are not offset • rises: new money flowing in • falls: money is leaving the market • Prices & Open interest rise: trend will probably continue • Prices rise & Open Int. falls, uptrend is ending • Prices, Open Int., & Volume fall, trend is about to change

  6. Market Nicknames • Bull = one who expects prices to rise • a rising market • Bear = one who expects prices to fall • a falling market • PricesVolumeOpen IntMarket Rising Rising Rising Bullish Rising Falling Falling Bearish Falling Rising Rising Bearish Falling Falling Falling Bullish

  7. Price Trends • General direction which prices are moving • Prices move: up, down or sideways • Sideways Trend: called a trading range • Resistance line (upper level) prices turn down • Support line (lower level) prices turn up

  8. Sideways Trend

  9. Trends • Uptrend: higher highs, higher lows • Draw a line under rising bottoms • Downtrend: lower highs, lower lows • Draw a line under falling tops • Takes two to define a trend, three to confirm it

  10. Uptrend

  11. Downtrend

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