{"id":237618,"date":"2025-05-25T01:30:00","date_gmt":"2025-05-25T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=237618"},"modified":"2025-05-25T00:01:21","modified_gmt":"2025-05-25T07:01:21","slug":"weekly-crude-oil-double-top-bear-flag","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/weekly-crude-oil-double-top-bear-flag\/","title":{"rendered":"Weekly Crude Oil Double Top Bear Flag"},"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 double top bear flag, stalling below the April 23 high. The bulls see this week simply as a pullback and want a second leg sideways to up. The bears need to create a strong bear entry bar to increase the odds of retesting the May 5 low.<\/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-DT-Bear-Flag-or-2nd-Leg-Up.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-DT-Bear-Flag-or-2nd-Leg-Up-680x383.jpg\" alt=\"Crude Oil Weekly - DT Bear Flag or 2nd Leg Up, Weekly Crude Oil Double Top Bear Flag\" class=\"wp-image-237778\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-DT-Bear-Flag-or-2nd-Leg-Up-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-DT-Bear-Flag-or-2nd-Leg-Up-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-DT-Bear-Flag-or-2nd-Leg-Up-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-DT-Bear-Flag-or-2nd-Leg-Up-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Weekly-DT-Bear-Flag-or-2nd-Leg-Up.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 doji closing slightly below the middle of its range with long tails above and below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-follow-through-bull-bar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls could create another follow-through bull bar, breaking above the April 23 high, or if the market would stall below the April 23 high, forming a double top bear flag instead.<\/li>\n\n\n\n<li>The market traded slightly higher but stalled below the April 23 high.<\/li>\n\n\n\n<li>The bulls saw the prior selloff as a sell vacuum and a bear leg within the trading range.<\/li>\n\n\n\n<li>They want a reversal from a wedge pattern (Mar 5, Apr 9, and Mar 5) and a higher low major trend reversal (May 5).<\/li>\n\n\n\n<li>They hope to get a retest of the middle of the trading range (around the $67 area).<\/li>\n\n\n\n<li>They see this week simply as a pullback and want a second leg sideways to up.<\/li>\n\n\n\n<li>If the market trades lower, they want it to form a higher low and the lower third of the trading range to act as support.<\/li>\n\n\n\n<li>They need to create follow-through buying trading above the April 23 high to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>The bears got a 3-legged bear leg (Mar 5, Apr 9, and Mar 5) testing the bottom of the trading range.<\/li>\n\n\n\n<li>They see the current move as a pullback and want a reversal from a double top bear flag (Apr 23 and May 21).<\/li>\n\n\n\n<li>They want the April 23 high or the 20-week EMA to act as resistance.<\/li>\n\n\n\n<li>They need to create a strong bear entry bar to increase the odds of retesting the May 5 low.<\/li>\n\n\n\n<li>While the prior selloff was strong (Apr 9, May 5), it could still be a sell vacuum and a bear leg testing the bottom of the trading range.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create a follow-through bar which would increase the odds of a retest of the May 5 low.<\/li>\n\n\n\n<li>Or will the market continue to trade sideways followed by a retest above the April 23 high instead?<\/li>\n\n\n\n<li>If the market continues to stall below the April 23 high, we will likely see more selling pressure return within the next few weeks.<\/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 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-DT-Bear-Flag-or-Small-DB-Bull-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-DT-Bear-Flag-or-Small-DB-Bull-Flag-680x383.jpg\" alt=\"Crude Oil Daily - DT Bear Flag or Small DB Bull Flag\" class=\"wp-image-237781\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-DT-Bear-Flag-or-Small-DB-Bull-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-DT-Bear-Flag-or-Small-DB-Bull-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-DT-Bear-Flag-or-Small-DB-Bull-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-DT-Bear-Flag-or-Small-DB-Bull-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/Crude-Oil-Daily-DT-Bear-Flag-or-Small-DB-Bull-Flag.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 traded sideways early in the week. Wednesday traded higher but reversed into a bear reversal bar. Crude oil traded lower on Thursday and Friday with limited follow-through selling.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-follow-through-bull-bar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls can create more follow-through buying, breaking above the April 23 high, or if the market would stall below the April 23 high area, followed by another leg down instead.<\/li>\n\n\n\n<li>So far, the market has traded slightly higher but has not yet broken above the April 23 high.<\/li>\n\n\n\n<li>The bulls want a reversal from a wedge pattern (Mar 5, Apr 9, and May 5) and a higher low major trend reversal (May 5).<\/li>\n\n\n\n<li>They see the market forming a small double bottom bull flag (May 15 and May 23).<\/li>\n\n\n\n<li>They want a retest of the middle of the trading range and the bull leg to begin.<\/li>\n\n\n\n<li>They need to create a breakout above the April 23 high with follow-through buying to increase the odds of higher prices.<\/li>\n\n\n\n<li>They want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>If the market trades lower, they want it to form a higher low (vs the May 5 low).<\/li>\n\n\n\n<li>The bears 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 a reversal from a double top bear flag (Apr 23 and May 21).<\/li>\n\n\n\n<li>They must create strong bear bars trading below the 20-day EMA to show they are back in control.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create follow-through selling to retest the May 5 low.<\/li>\n\n\n\n<li>Or will the bulls be able to create a breakout above the April 23 high instead?<\/li>\n\n\n\n<li>If the market continues to stall below the April 23 high, the odds of another leg down to retest the May 5 low will increase.<\/li>\n\n\n\n<li>The market is currently in a large trading range.<\/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>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 double top bear flag, stalling below the April 23 high. The bulls see this week simply as a pullback and want a second leg sideways to up. The bears need to create a strong bear entry bar to increase the odds of retesting [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":237778,"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-237618","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-DT-Bear-Flag-or-2nd-Leg-Up.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\/237618","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=237618"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/237618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/237778"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=237618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=237618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=237618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}