Charting and Technical Analysis for Commodity Markets
This is a two-day course for which no knowledge of Technical Analysis is required. Great emphasis is placed upon the practical application of Technical Analysis to trading and hedging activities i.e. how does a trader think? Real-time examples and real-world trading tools are used throughout the course.
ICE Connect provides futures data and charting tools along with a wide array of other analytical utilities. In addition to providing data from ICE itself, prices from other exchanges are also available.
Suitability - Who should attend?
- Recommended for anyone who would like to gain an understanding of the principles and applications of charting techniques
- Futures and options brokers or dealers
- Trading companies, banks, brokers, commodity producers, consumers, refiners, distribution and storage companies
- Market regulators and government departments
- Fund managers and investors
Training Course Content
The history and evolution of Technical analysis
- From 16th century rice traders to 21st century big data
- Patterns vs numbers - 'every picture tells a story'
- Human behaviour and psychology - truly understanding prices
- Building and executing a battle plan
- Fibonacci retracements - understanding wave theory
Dow Theory - learning a methodical approach
- 'Prices discount all other information' ignore fundamentals
- Classic chart analysis - trend lines and channels
- Support and resistance - discovering price floors and ceilings
- Exercises in live markets
- Working as a team to understand what the market is telling us
- Seeking confirmation of trends and signals
- Learning not to fight market trends
Building a chart - which tools do we use?
- Recording the data - candlestick charts
- Gaining information from candlestick shapes
- Finding the levels and trends
- 60 minute charts, daily charts and long term charts
- Volume and open interest - interpreting the data
- Entry points and stop points
- Searching for targets - profit points
- Continuation patterns - flags, pennants and triangles
- Consolidation - being aware of the next move
- Reversal patterns - the turning points in the market
- Head and shoulder patterns plus double tops and bottoms
- Fibonacci retracements revisited - catching the bounce
- Market gaps - planning ahead after shock moves
- Combining the Commitment of Traders report with a technical view
- Trend following indicators vs momentum indicators
- Understanding the theory behind moving averages
- Undertaking research - searching for the relevant moving average
- Simple but effective signals from moving averages
- Momentum indicators - definitions and types
- Understanding overbought and oversold conditions
- MACD, Bollinger Bands, RSI and Stochastics
- Choosing your indicator - adapting to market conditions
Intercontinental Exchange - Open Courses in Commodities and Financial Markets
Intercontinental Exchange's diverse markets span futures and options on interest rates, commodities, indexes and FX, as well as equities and equity options. These markets are relied upon by international market participants, along with our post-trade infrastructure. ICE is uniquely positioned...
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