{"id":235972,"date":"2025-05-04T01:30:00","date_gmt":"2025-05-04T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=235972"},"modified":"2025-05-03T11:46:03","modified_gmt":"2025-05-03T18:46:03","slug":"monthly-crude-oil-testing-the-trading-range-low","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/monthly-crude-oil-testing-the-trading-range-low\/","title":{"rendered":"Monthly Crude Oil Testing the Trading Range Low"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>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.<\/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>Monthly<\/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\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling-680x383.jpg\" alt=\"Crude Oil Monthly - Test TR Low, Can Bears Get FT Selling, Monthly Crude Oil Testing the Trading Range Low\" class=\"wp-image-236123\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Monthly-Test-TR-Low-Can-Bears-Get-FT-Selling.jpg 1920w\" 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 April monthly Crude Oil candlestick was a big bear bar closing in its lower half with a prominent tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-2-legged-bear-leg\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said traders would see if the bears could create a strong breakout below the September or December low with follow-through selling, or if the market would stall around the trading range low and close the monthly candlestick with a long tail instead.<\/li>\n\n\n\n<li>The bears got a strong bear leg to retest the bottom of the trading range.<\/li>\n\n\n\n<li>They want a breakout below the trading range followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>They 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.<\/li>\n\n\n\n<li>The bulls\u00a0see the current move as a bear leg and a sell vacuum testing the trading range low.<\/li>\n\n\n\n<li>They hope the December low area will act as support.<\/li>\n\n\n\n<li>If the market trades lower, they want the May low to act as support.<\/li>\n\n\n\n<li>They want the market to retest the middle of the trading range (around the 20-month EMA).<\/li>\n\n\n\n<li>As strong as the recent selloff is, it could still be a sell vacuum and a bear leg within the trading range.<\/li>\n\n\n\n<li>The market is currently trading around the lower third of the trading range which can be the buy zone of trading range traders.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) in a trading range until a breakout with sustained follow-through buying\/selling.<\/li>\n\n\n\n<li>That means buying in the lower third or selling in the upper third of the trading range.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create a follow-through bear bar in May.<\/li>\n\n\n\n<li>Or will the market stall around the current levels and trade higher instead?<\/li>\n\n\n\n<li>Markets have inertia and tend to continue what they have been doing.<\/li>\n\n\n\n<li>Until a breakout with strong follow-through selling, the market remains in a trading range.<\/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>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\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling-680x383.jpg\" alt=\"Crude Oil Weekly - Retest Low, Bears Need FT Selling\" class=\"wp-image-236126\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling.jpg 1920w\" 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 bar closing in its lower half with a prominent tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bulls-need-more-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls could create more follow-through bull bars, or if the market would stall and form a retest of the April 9 low instead.<\/li>\n\n\n\n<li>The market formed another leg down to retest the April 9 low, a higher low so far.<\/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 see the move this week as a retest of the prior low.<\/li>\n\n\n\n<li>They want a reversal from a higher low major trend reversal.<\/li>\n\n\n\n<li>They hope to get a retest of the middle of the trading range.<\/li>\n\n\n\n<li>If the market trades lower, they want it to form a double bottom (with Apr 9 low).<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg testing the bottom of the trading range.<\/li>\n\n\n\n<li>They hope to get a retest of the April 9 low, even if it only forms a higher low. The move is currently underway.<\/li>\n\n\n\n<li>They want the third leg down completing the wedge pattern with the first two legs being the March 5 and April 9 lows.<\/li>\n\n\n\n<li>They need to create more bear bars to increase the odds of a breakout below the trading range.<\/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 can be 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 bears can create a follow-through bear bar. That would increase the odds of a retest and breakout below the April 9 low.<\/li>\n\n\n\n<li>Or will the market stall around the trading range low and trade higher 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<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 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. [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":236126,"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-235972","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\/05\/Crude-Oil-Weekly-Retest-Low-Bears-Need-FT-Selling.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\/235972","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=235972"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/235972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/236126"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=235972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=235972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=235972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}