{"id":232827,"date":"2025-03-23T01:30:00","date_gmt":"2025-03-23T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=232827"},"modified":"2025-03-23T00:59:03","modified_gmt":"2025-03-23T07:59:03","slug":"crude-oil-bulls-need-follow-through-buying","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-bulls-need-follow-through-buying\/","title":{"rendered":"Crude Oil Bulls Need Follow-through Buying"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The Crude Oil bulls need follow-through buying trading back above the 20-week EMA. They want the bull leg within the trading range to begin. The bears want the bear trend line or the 20-week EMA to act as resistance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Crude oil futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> crude oil chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-680x383.jpg\" alt=\"Crude Oil Weekly - Bulls Need Follow-through Buying, Crude Oil Bulls Need Follow-through Buying\" class=\"wp-image-233014\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This\u00a0week\u2019s\u00a0candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/commodities\/crude-oil-streaming-chart\" target=\"_blank\" rel=\"noreferrer noopener\">weekly Crude Oil chart<\/a> was a bull bar closing near its high with a prominent tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weaker-crude-oil-bear-leg\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create follow-through selling testing the November 18 low area or if the market would continue to stall around the March 5 low area followed by a reversal to the middle of the trading range instead (around the 20-week EMA).<\/li>\n\n\n\n<li>So far, the market stalled around the March 5 low area and is forming a pullback towards the middle of the trading range.<\/li>\n\n\n\n<li>The bears got a large two-legged sideways to down move to test the November 18 low area.<\/li>\n\n\n\n<li>The move down is in a weaker bear leg (many overlapping ranges, doji bars and prominent tails below candlesticks).<\/li>\n\n\n\n<li>They see this week simply as a pullback. They hope to get a retest of the March 5 low after the pullback.<\/li>\n\n\n\n<li>They want the bear trend line or the 20-week EMA to act as resistance.<\/li>\n\n\n\n<li>The bulls see the recent move as a large two-legged bear leg.<\/li>\n\n\n\n<li>They hope the November low area or the lower third of the trading range will be an area of support. So far, this is the case.<\/li>\n\n\n\n<li>They want the bull leg within the trading range to begin.<\/li>\n\n\n\n<li>They need to create follow-through buying and trading back above the 20-week EMA to show they are back in control.<\/li>\n\n\n\n<li>So far, the market is trading slightly below the middle of the large trading range. The middle of the trading range is an area of balance and a magnet.<\/li>\n\n\n\n<li>The market remains in a large trading range.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction with\u00a0sustained follow-through buying\/selling.<\/li>\n\n\n\n<li>That means selling in the upper third and buying in the lower third of the trading range.<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals are hallmarks of a trading range price action.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create a follow-through bull bar testing near the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market trade slightly higher but close with a long tail or a bear body instead?<\/li>\n\n\n\n<li>If the pullback is weak and lacks follow-through buying, the odds of a retest of the November 18 low will increase.<\/li>\n\n\n\n<li>If the bulls can create strong consecutive bull bars trading far above the 20-week EMA or the bear trend line, that would swing the odds in favor of the bull leg beginning.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> crude oil chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Daily-Wedge-Bear-Flag-or-PB-to-Middle-of-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Daily-Wedge-Bear-Flag-or-PB-to-Middle-of-TR-680x383.jpg\" alt=\"Crude Oil Daily - Wedge Bear Flag or PB to Middle of TR\" class=\"wp-image-233017\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Daily-Wedge-Bear-Flag-or-PB-to-Middle-of-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Daily-Wedge-Bear-Flag-or-PB-to-Middle-of-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Daily-Wedge-Bear-Flag-or-PB-to-Middle-of-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Daily-Wedge-Bear-Flag-or-PB-to-Middle-of-TR.jpg 1280w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The market traded sideways to up for the week, closing above the 20-day EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weaker-crude-oil-bear-leg\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create follow-through selling trading below the November 18 low area or if the market would continue to stall around the March 5 area followed by a pullback above the 20-day EMA instead.<\/li>\n\n\n\n<li>The bears got a large two-legged sideways to down move (with the first leg being the Jan 15 high to the Feb 6 low).<\/li>\n\n\n\n<li>They see the current sideways trading forming a wedge bear flag (Mar 7, Mar 13, and Mar 21).<\/li>\n\n\n\n<li>They want the 20-day EMA, the bear trend line or the March 3 high to act as resistance.<\/li>\n\n\n\n<li>They want at least a small sideways to down leg to retest the current leg extreme low (Mar 5) after the pullback.<\/li>\n\n\n\n<li>The bulls see the recent move as a large two-legged bear leg within the trading range.<\/li>\n\n\n\n<li>They want a reversal from a wedge pattern (Jan 27, Feb 26, and Mar 5) and a higher low major trend reversal (Mar 19).<\/li>\n\n\n\n<li>If the market trades lower, they want it to form another higher low and a small double bottom bull flag with the March 19 low.<\/li>\n\n\n\n<li>They need to create consecutive bull bars closing near their highs breaking far above the 20-day EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n<li>So far, the market has traded sideways to up in the last 14 trading days.<\/li>\n\n\n\n<li>The move has the shape of a wedge bear flag with a lot of overlapping candlesticks. The bulls are not yet as strong as they hope to be.<\/li>\n\n\n\n<li>For now, the market could still be in the sideways to up pullback phase.<\/li>\n\n\n\n<li>Traders will see if the bulls can continue to create more follow-through buying trading far above the 20-day EMA.<\/li>\n\n\n\n<li>Or will the market continue to trade sideways with overlapping ranges?<\/li>\n\n\n\n<li>If the bulls can create strong follow-through buying, we could see a pullback towards the middle of the trading range.<\/li>\n\n\n\n<li>If the pullback remains sideways and weak, the odds of a retest of the March 5 low will increase.<\/li>\n\n\n\n<li>The market remains in a large trading range. Traders will BLSH (Buy Low, Sell High) within the trading range.<\/li>\n\n\n\n<li>That means buying in the lower third and selling in the upper third of the trading range.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: Crude Oil Futures The Crude Oil bulls need follow-through buying trading back above the 20-week EMA. They want the bull leg within the trading range to begin. The bears want the bear trend line or the 20-week EMA to act as resistance. Crude oil futures The Weekly crude oil chart The Daily crude [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":233014,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1892,136],"tags":[325],"class_list":{"0":"post-232827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crude-oil","8":"category-analysis","9":"tag-crude-oil-futures","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying.jpg","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/232827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=232827"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/232827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/233014"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=232827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=232827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=232827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}