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Commodities · candlestick pattern

Doji on Crude oil

On Crude oil the doji showed up 121 times. Within 12 candles price broke up 55% of the time, broke down 38% and stayed inside 7%.

Counted on Crude oil futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6461%38%2%
Hourly5749%39%12%

Crude oil against the rest

ChartsFoundBroke upBroke downStayed inside
Crude oil12155%38%7%
All Commodities charts59550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016967%33%
20171070%30%
20181233%67%
2019560%40%
2020540%60%
2021875%25%
2022580%20%
2023367%33%
20242948%41%
20253355%30%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Crude oil

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · Volume profile rejection · all of them

The doji elsewhere

Gold · Silver · Copper · Natural gas · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the doji work on Crude oil?

In 121 cases on Crude oil, price broke up 55% of the time, broke down 38% and stayed inside 7% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.