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Top Stocks Buying Tips


The leading provider of price quotes, charts, and technical analysis for commodities, futures, stocks, options, forex, and ETF markets.
 

Using Technical Analysis to Trade in the Futures Market


By Ryan Harris at 2012-03-06 01:46:18

Technical analysis refers to the study of market action. In fundamental analysis, analysts evaluate the reasons for prices going up or down. However, in technical analysis, analysts study the effect of price movement itself. In other words, technical analysis is the forecasting of future financial price movements based on a study of past price movements.

Technical analysis is based on three important assumptions: The futures market discounts everything, prices move in trends, and history repeats itself. Technical analysts use models and trading rules, which are based on price and volume transformations. Technical analysis is particularly popular among day traders, market making firms, and pit traders.

Technical analysis can be an excellent tool if you are looking to trade in the futures market. By analyzing futures charts, traders can identify patterns, spot emerging trends and make informed decisions. Let us take a look at some indicators that may be useful if you are analyzing futures charts.

Commodity Channel Index (CCI)

CCI is most useful for commodity futures contracts which have cyclical or seasonal tendencies. CCI has been designed to identify when a cycle begins and when it ends through the use of statistical analysis. This includes a moving average and a divisor reflecting the possible and actual trading ranges.

Commodity Selection Index

Commodity Selection Index is another important indicator if you are looking to analyze future charts. The Commodity Selection Index is utilized to rate items in a more volatile short-term period.

CCI and Commodity Selection Index are just some of the indicators that can be used during futures chart analysis. At Barchart, traders can access tips on a number of technical indicators, which can give them an edge when trading in the futures markets.

Traders can use Barchart’s, “Tips on Technicals,” and view free PDFs that are available for download to site members. Barchart provides free PDFs about candlesticks, support, and resistance, as well as reversal and continuation patterns, and Elliot Waves.

There are also numerous online articles that provide tips about technical information such as CCI, Bollinger Bands, Bar Chart Patterns, Fibonacci Retracements, Directional Movement Index, Cycles, and Gann Analysis among others.

Traders can also use the Futures Markets Quoteboards on the Web site to receive the latest information on futures markets. The Futures Market Quoteboards has three standard views: Main view, technical view, and performance view. The Technical View page includes contract, last price, opinion, 20-day relative strength, 20-day historic volatility, 20-day average volume, 52-week high, and 52-week low.

To view more about the 52-week high and low for a market, please visit www.barchart.com and become a member.

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By Patsy Moore at 2020-05-18 03:05:56
This is an all around thought of piece that made it simple for individuals to comprehend the general purpose.
 

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