Market Overview: Crude Oil Futures Crude oil no bull follow-through after last week’s surprise big bull bar. Bulls see this simply as a 50% pullback following last week’s climactic rally and want at least a small second leg sideways to up. Bears want a retest of Sept low. If next week closes as a bear follow-through […]
Crude Oil Strong Rally, Bulls Need Follow-through
Market Overview: Crude Oil Futures Crude oil strong rally reversed higher closing above the bear trend line and the 20-week exponential moving average. The bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears want a reversal lower from a double top bear flag with August 30 or July 29 […]
Crude Oil No Follow-through Selling on Weekly Chart
Market Overview: Crude Oil Futures The Crude oil futures continue to trade lower in a tight bear channel. However, there is a lot of overlapping price action on the weekly chart (crude oil no follow-through) which means the bears are not yet as strong as they could have been. The bears failed to get follow-through selling following […]
