Market Overview: Crude Oil Futures The market formed a weekly Crude oil second leg down to retest the June 24 low. The bears must create strong follow-through selling trading below the June 24 low to increase the odds of the bear leg testing the trading range low. The bulls want the 20-week EMA and the […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil second leg sideways to down testing the June 24 low. The bulls want the 20-week EMA and the June 24 low area to act as support. The bears must create strong follow-through selling trading below the 20-week EMA and the June 24 low […]

Market Overview: Crude Oil Futures The market formed a monthly Crude oil bull leg. The bulls want a retest of the bull leg extreme high (Jun 23), even if it only forms a lower high. The bears need to create strong bear bars closing below the 20-month EMA to show they are back in control. […]

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 […]