Futures Charts

By: Anne Durrell

Futures charts are available on the Internet every day, and if you have the know-how to read them, you'll find them immeasurably helpful in order to deal in the futures market, regardless of what kinds of futures interest you.

For instance, there are futures charts available on grains, cereal and oil seeds, cattle hogs and meat products, petroleum/energy, softs, food and fiber, metals, currencies, index, interest and financial futures. Sometimes I feel that there are so many charts currently available that there ought to be futures charts for the charts!

The reason they are such divergent choices is that for instance a farmer trying to get X amount for his wheat crop, certainly cannot care less about the metals futures charts, and vice versa too!

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Futures charts used to be highly complicated to make, took a long time to make them and thus very few people had access to them. A person who could make and thoroughly understand charts was regarded as something approaching genius status.

Now, more than ever, there are real-time products available that are designed to be easy to use, affordable, reliable and intuitive, as well. Of course, we have two things to be thankful for: the Internet and Computers.

Here, for instance is a quick rundown of such futures charts currently available: Real-Time Data Services, Advanced Commodities, Advanced Equities, Crb - Commodity Research Bureau, Agricharts, Insidefutures.Com, Ddf - Digital Data Feed, Barchart Market Data Solutions.

In essence reading futures charts will mean that you will see the horizontal axis and the vertical axis that will measure the prices over a certain period of time. This particular action available on the futures charts which measures price, is a good part of what is called a technical analysis. I contend that anyone can read these charts thus we're all in this together.

One must differentiate between the market's futures charts that deal solely during the regular business hours of the market, and those who do not. For example currencies and grains will have both day and night session futures charts.

Thus if you were desirous of say grains information you would not look at only the day chart, but rather you would seek out a full session chart which would prove to be much more helpful.

Granted, often there isn't that much difference between the two charts and this is because the night sessions do not have that many participants hence it's less able to actually move the market but they are still helpful and should not be overlooked.

However if you simply only trade during the day, then that's where you should concentrate your studies of the futures charts. The connotation of using futures charts is to establish where prices have completed congestion points or levels. Those congestion levels are referred to as support and resistance points on a futures trading chart.

I suggest you check out my other guide on stock market today and online stock trades

Futures Charts

commodity futures charts

Futures Charts

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