A Study on Success Rate of Candlesticks When Trading in Major Commodity Like Crude Oil

Authors

  • G. Bhaskar Sri Venkateswara College of Engineering &

Keywords:

STUDY, SUCCESS, RATE, CANDLESTICKS, TRADING, MAJOR, COMMODITY, CRUDE, OIL

Abstract

A candlestick is a type of Charts used under Technical analysis. It conveys the same information represented in bar charts, but are visually displayed differently. The Open, High, Low and Close of the chosen trading period will be represented in a single candle. Historically, candlestick charts are the oldest form of charts that have been used for predicting prices of rice. During this era in Japan, Munehisa Homma became legendary by making a fortune in the rice trade using candlestick analysis. He is said to have performed over 100 consecutive winning trades with this method.

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Author Biography

G. Bhaskar, Sri Venkateswara College of Engineering &

Professor in MBA,

References

Antonics and Andrew J Foster (June 1992) The effect of futures trading on spot price volatility evidence for Brent crude oil using GARCH, Journal of Business Finance and Accounting 19(4) 473-484.

Moosa,IA and Longhani, N.E., 1994 Unbiased and time varying risk premia in the crude oil futures market, Energy Economics, 16, 99-105.

Agricultural Commodities, Journal of Agricultural Economics, Vol,48 No.3,1997.pp408-423

Peroni,E., Mcnown,R.F. 1998, Non informative and informative tests of efficiency in thre Energy futures markets, Journal of Futures Markets 18, 936-934

Mckencie, A.M. and M.T.Holt, Marketing effiency in Atgricultural Futures markets” Selected paper presented at American Agricultural Economics Association Annual Meeting, Salt Lake City, 2002.

Kaur amd Rao(2010),”An empirical study of select Agricultural Derivatives traded on NCDEX” Journal of Management Research, Vol III, No.2, Aug 2010, pp 116-132.

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Published

2015-01-31

How to Cite

Bhaskar, G. (2015). A Study on Success Rate of Candlesticks When Trading in Major Commodity Like Crude Oil. International Journal For Research In Business, Management And Accounting, 1(1), 65–78. Retrieved from https://gnpublication.org/index.php/bma/article/view/877

Issue

Vol. 1 No. 1 (2015): International Journal For Research In Business, Management And Accounting |ISSN: 2455-6114

Section

Articles

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