{"id":236486,"date":"2025-05-11T01:30:00","date_gmt":"2025-05-11T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=236486"},"modified":"2025-05-10T12:23:15","modified_gmt":"2025-05-10T19:23:15","slug":"weekly-crude-oil-higher-low","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/weekly-crude-oil-higher-low\/","title":{"rendered":"Weekly Crude Oil Higher Low"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market formed a weekly Crude Oil higher low this week. The bulls want a reversal from a higher low major trend reversal (May 5) and a wedge pattern (Mar 5, Apr 9, and Mar 5). If the market trades higher, the bears want it to form a double top bear flag with the April 23 high and 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\/05\/Crude-Oil-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT.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-HL-MTR-Bulls-Need-FT-680x383.jpg\" alt=\"Crude Oil Weekly - Retest Low, HL MTR, Bulls Need FT, Weekly Crude Oil Higher Low\" class=\"wp-image-236614\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT.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 big bull bar closing near its high with a prominent tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-crude-oil-testing-the-trading-range-low\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create a follow-through bear bar, or if the market would stall around the trading range low and trade higher instead.<\/li>\n\n\n\n<li>The market traded lower early in the week but lacked follow-through selling and traded sideways to up thereafter.<\/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 to the May 5 low as a retest of the prior low.<\/li>\n\n\n\n<li>They want a reversal from a higher low major trend reversal (May 5) and a wedge pattern (Mar 5, Apr 9, and Mar 5).<\/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>They need to create a follow-through bull bar next week to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg testing the bottom of the trading range (Apr 9).<\/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. They got it this week.<\/li>\n\n\n\n<li>They got the third leg down, forming the wedge pattern (Mar 5, Apr 9, and Mar 5).<\/li>\n\n\n\n<li>If the market trades higher, they want it to form a double top bear flag with the April 23 high and the 20-week EMA to act as resistance.<\/li>\n\n\n\n<li>While the recent move down was strong, it could be a sell vacuum and a bear leg testing the bottom of the trading range.<\/li>\n\n\n\n<li>Crude oil trades around the lower third of the trading range, which can be the buy zone for 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 a follow-through bull bar. That would increase the odds of a retest of the April 23 high or the middle of the trading range.<\/li>\n\n\n\n<li>Or will the market trade slightly higher, but stall around the April 23 high or the 20-week EMA 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\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"Crude Oil Daily - HL MTR, Bulls Need FT Buying\" class=\"wp-image-236617\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-HL-MTR-Bulls-Need-FT-Buying.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 market gapped down on Monday but lacked follow-through selling. The market traded sideways to up for the rest of the week.<\/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\">Previously<\/a>, we said traders would see if the bulls could create more follow-through buying trading far above the 20-day EMA, or if the market would stall around the 20-day EMA area, followed by a retest of the April 9 low instead.<\/li>\n\n\n\n<li>The market stalled around the 20-day EMA, followed by a retest of the April 9 low.<\/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 see the move down to March 5 low as a retest of the prior low.<\/li>\n\n\n\n<li>They want a reversal from a higher low major trend reversal and a wedge pattern (Mar 5, Apr 9, and May 5).<\/li>\n\n\n\n<li>They want a retest of the middle of the trading range and a bull leg to retest the top of the trading range.<\/li>\n\n\n\n<li>If the market trades lower, they want it to form a higher low (vs May 5 low).<\/li>\n\n\n\n<li>They need to create strong bull bars closing far above the 20-day EMA to increase the odds of testing the middle of the trading range.<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg and a sell vacuum within the trading range (Apr 9).<\/li>\n\n\n\n<li>They then got a retest of the prior low, forming a higher low (May 5).<\/li>\n\n\n\n<li>They see the current move as a pullback and want the 20-day EMA or the April 23 high to act as resistance.<\/li>\n\n\n\n<li>They want another leg down from a double top bear flag with the April 23 high.<\/li>\n\n\n\n<li>So far, the market has retested the prior low (May 5), followed by a pullback to the 20-day EMA.<\/li>\n\n\n\n<li>The market currently trades around the lower third of the large 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) 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 and the April 23 high.<\/li>\n\n\n\n<li>Or will the market stall around the 20-day EMA area or the April 23 high area, followed by another leg down 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","protected":false},"excerpt":{"rendered":"<p>Market Overview: Crude Oil Futures The market formed a weekly Crude Oil higher low this week. The bulls want a reversal from a higher low major trend reversal (May 5) and a wedge pattern (Mar 5, Apr 9, and Mar 5). If the market trades higher, the bears want it to form a double top [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":236614,"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-236486","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-HL-MTR-Bulls-Need-FT.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\/236486","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=236486"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/236486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/236614"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=236486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=236486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=236486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}