Market Overview: Crude Oil Futures The weekly Crude Oil bears need follow-through selling trading below the 20-week EMA to increase the odds of testing near the bottom of the trading range. The bulls want the 20-week EMA to act as support, followed by a retest of the June 23 high, even if it only forms […]

Market Overview: Crude Oil Futures The market is forming a weekly Crude Oil bear flag on the weekly chart. The bulls must create more bull bars to increase the odds of retesting the June 23 high. The bears see the last two weeks as a pullback and want another strong leg down from a lower […]

Market Overview: Crude Oil Futures The monthly Crude Oil trading range is currently trading around the middle of its range which is an area of balance. The bulls want a retest of the recent leg extreme high (Jun 23), even if it only forms a lower high. The bears hope to get a retest of […]

Market Overview: Crude Oil Futures The market formed a Crude Oil test middle of the trading range and the 20-week EMA. The bulls hope to get a retest of the recent high (Jun 23), even if it only forms a lower high. The bears must create follow-through selling trading below the 20-week EMA to increase […]

Market Overview: Crude Oil Futures The market formed a Crude Oil bull leg within the trading range. The bulls hope to get a breakout above the top of the trading range and a measured move based on the height of the trading range. The bears want the upper third of the trading range to act […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil buy vacuum test of the trading range high. The bulls hope to get a breakout above the top of the trading range. The bears want the upper third of the trading range to act as resistance. The market remains volatile due to the […]

Market Overview: Crude Oil Futures The weekly Crude Oil bulls need follow-through buying trading above the April 23 high and the 20-week EMA. The bears see the current move as a pullback and want a reversal from a double top bear flag (Apr 23 and Jun 6) or a wedge bear flag (Apr 23, May […]

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 […]