{"id":235483,"date":"2025-04-27T01:30:00","date_gmt":"2025-04-27T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=235483"},"modified":"2025-04-26T13:43:50","modified_gmt":"2025-04-26T20:43:50","slug":"crude-oil-bulls-need-more-follow-through-buying","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-bulls-need-more-follow-through-buying\/","title":{"rendered":"Crude Oil Bulls Need More 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 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.<\/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\/04\/Crude-Oil-Weekly-Bulls-Need-More-FT-Buying-680x383.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bulls-Need-More-FT-Buying-680x383.jpg\" alt=\"Crude Oil Weekly - Bulls Need More FT Buying, Crude Oil Bulls Need More Follow-through Buying\" class=\"wp-image-235642\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bulls-Need-More-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bulls-Need-More-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bulls-Need-More-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bulls-Need-More-FT-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 bear doji closing around the middle of its range.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bull-entry-bar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create a follow-through bull bar or if the move would lack follow-through buying and the candlestick close with a long tail above or a bear body instead.<\/li>\n\n\n\n<li>The market traded sideways for the week.<\/li>\n\n\n\n<li>The bulls see the recent move (April 9) as a large 2-legged sell vacuum and a bear leg within the trading range.<\/li>\n\n\n\n<li>They want the bull leg to begin and see this week as a pullback. They want a second leg sideways to up.<\/li>\n\n\n\n<li>They hope to get a retest of the middle of the trading range (around the 20-week EMA).<\/li>\n\n\n\n<li>If the market trades lower, they want it to form a higher low major trend reversal.<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg testing the bottom of the trading range (May 4, 2023).<\/li>\n\n\n\n<li>They see the current move as a pullback and a retest of the breakout point (Mar 5).<\/li>\n\n\n\n<li>They want a lower high and a double top bear flag with the April 2 high.<\/li>\n\n\n\n<li>They want the 20-week EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n<li>They hope to get a retest of the April 9 low after the pullback, even if it only forms a higher low.<\/li>\n\n\n\n<li>While the recent move down was strong (Apr 9), it could still only be a sell vacuum and a bear leg testing the bottom of the trading range.<\/li>\n\n\n\n<li>Crude oil is currently trading around the lower third of the trading range which is the buy zone of trading range traders.<\/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>For now, traders will see if the bulls can create more follow-through bull bars. That would increase the odds of a retest near the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market stall around the current levels and form a retest of the April 9 low instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals are hallmarks of trading ranges.<\/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\/04\/Crude-Oil-Daily-Bulls-Need-FT-Buying-Bears-Want-Retest-Low.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Need-FT-Buying-Bears-Want-Retest-Low-680x383.jpg\" alt=\"Crude Oil Daily - Bulls Need FT Buying; Bears Want Retest Low\" class=\"wp-image-235648\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Need-FT-Buying-Bears-Want-Retest-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Need-FT-Buying-Bears-Want-Retest-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Need-FT-Buying-Bears-Want-Retest-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Need-FT-Buying-Bears-Want-Retest-Low.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 early in the week. Wednesday traded higher but reversed into an outside bar. There was no follow-through selling on Thursday and Friday.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bull-entry-bar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create sustained follow-through buying trading far above the 20-day EMA or if the market would stall around the 20-day EMA area and form a retest of the April 9 low instead.<\/li>\n\n\n\n<li>The bulls see the move to the April 9 low as a large 2-legged bear leg and a sell vacuum within the trading range.<\/li>\n\n\n\n<li>They got a reversal from a climactic selloff and want the bull leg to begin.<\/li>\n\n\n\n<li>At the least, they want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks. So far, the pullback has met the minimum requirement.<\/li>\n\n\n\n<li>They want a retest of the middle of the trading range.<\/li>\n\n\n\n<li>They want another leg up completing the wedge pattern with the first 2 legs being the April 10 and April 23 highs.<\/li>\n\n\n\n<li>If the market trades lower, they want it to form a higher low followed by a reversal from a higher low major trend reversal.<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg and a sell vacuum within the trading range.<\/li>\n\n\n\n<li>While the move down was strong, it was also climactic.<\/li>\n\n\n\n<li>They see the current move as a two-legged pullback (Apr 10 and Apr 23) and a retest of the breakout point (Mar 5).<\/li>\n\n\n\n<li>They want the 20-day EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n<li>If the market trades higher, they want a reversal from a wedge pattern (the first two legs being Apr 10 and Apr 23) and a large double top bear flag with the April 2 high.<\/li>\n\n\n\n<li>They hope to get at least a small sideways to down leg to retest the recent extreme low (Apr 9) after the pullback, even if it only forms a higher low.<\/li>\n\n\n\n<li>So far, the market has formed a two-legged sideways to up pullback testing the 20-day EMA.<\/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\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying trading far above the 20-day EMA.<\/li>\n\n\n\n<li>Or will the market stall around the 20-day EMA area followed by a retest of the April 9 low instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals are hallmarks of a 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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":0,"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-235483","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-crude-oil","7":"category-analysis","8":"tag-crude-oil-futures","9":"entry","10":"has-post-thumbnail","11":"override","12":"shadow"},"featured_image_src":null,"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\/235483","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=235483"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/235483\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=235483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=235483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=235483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}