Market Overview: Crude Oil Futures There was no follow-through selling on Crude Oil monthly chart. The bears see May as a pullback and hope to get another leg down. The bulls need to create a follow-through bull bar in June to increase the odds of the bull leg beginning. Crude oil futures The Monthly crude […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil double top bear flag, stalling below the April 23 high. The bulls see this week simply as a pullback and want a second leg sideways to up. The bears need to create a strong bear entry bar to increase the odds of retesting […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil follow-through bull bar. The bulls need to create more bull bars trading above the April 23 high to increase the odds of the bull leg beginning. The bears see the current move as a pullback and want a reversal from a double top […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil higher low this week. The bulls want a reversal from a higher low major trend reversal (May 5) and a wedge pattern (Mar 5, Apr 9, and Mar 5). If the market trades higher, the bears want it to form a double top […]

Market Overview: Crude Oil Futures The market formed a monthly Crude Oil testing the trading range low. The bears need to create a strong breakout below the December and May lows with follow-through selling to increase the odds of a measured move down. The bulls hope the trading range low area will act as support. […]

Market Overview: Crude Oil Futures The Crude Oil bulls need more follow-through buying to increase the odds of the bull leg trading higher. The bears want a lower high and a double top bear flag with the April 2 high. They want the 20-week EMA or the bear trend line to act as resistance. Crude […]

Market Overview: Crude Oil Futures The market formed a Crude Oil bull entry bar on the weekly chart. They need to create a strong follow-through bull bar to increase the odds of the bull leg trading higher. The bears want the market to form a lower high or a double top bear flag with the […]

Market Overview: Crude Oil Futures The Crude Oil bulls need strong follow-through buying to increase the odds of the bull leg starting. The bears see the current move as a pullback. They want the market to form a lower high or a double top bear flag with the April 2 high. Crude oil futures The […]

Market Overview: Crude Oil Futures The market formed a Crude Oil 2-legged bear leg on the monthly chart. The bears want a breakout below the trading range followed by a measured move based on the height of the trading range. The bulls hope the September or December low will act as support. Crude oil futures […]

Market Overview: Crude Oil Futures Crude Oil pullback to the middle of trading range on the weekly chart. The bulls need to create more follow-through buying trading far above the 20-week EMA to increase the odds of the bull leg beginning. The bears hope to get a retest of the March 5 low after the […]