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Oil futures charts are used by investors and traders to effectively manage risk by analyzing both the current/historical prices of oil futures, and the critical data contained in oil futures charts. A thoroughly comprehensive oil futures chart is essential to trading in oil futures because investors/traders must be able to track price movements to make informed decisions about whether to protect or invest in futures as the prices fluctuate, resulting in profits or losses.

Oil futures charts display contract information about the NYMEX, ICE, and WTI futures markets, such as the ticker symbol, contract size, contract months, and tick size. Futures charts also provide technical data like pivot points, technical indicators, and moving averages, which often accompany a recommendation. Candlestick pattern charts help in determining the signal, range, and patterns of futures. There are many different types of oil, each having more than one name. There are futures contacts available in crude oil, gasoline, heating oil, natural gas, coal, and ethanol futures. Light sweet oil is the most actively trading energy derivative on the planet. Brent crude oil prices and futures are the benchmark for the world’s crude oil prices. Heating oil futures are seasonal for the most part, and the ICE futures contract is the largest gasoline petroleum contract on the globe.