{"id":239365,"date":"2025-06-01T01:30:00","date_gmt":"2025-06-01T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=239365"},"modified":"2025-06-01T01:01:10","modified_gmt":"2025-06-01T08:01:10","slug":"no-follow-through-selling-on-crude-oil-monthly-chart","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/no-follow-through-selling-on-crude-oil-monthly-chart\/","title":{"rendered":"No Follow-through Selling on Crude Oil Monthly Chart"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>There was no follow-through selling on Crude Oil monthly chart. The bears see May as a pullback and hope to get another leg down. The bulls need to create a follow-through bull bar in June to increase the odds of the bull leg beginning.<\/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\/06\/Crude-Oil-Monthly-No-FT-Selling-Bulls-Need-FT-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Monthly-No-FT-Selling-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"Crude Oil Monthly - No FT Selling, Bulls Need FT Buying, No Follow-through Selling on Crude Oil Monthly Chart\" class=\"wp-image-239577\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Monthly-No-FT-Selling-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Monthly-No-FT-Selling-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Monthly-No-FT-Selling-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Monthly-No-FT-Selling-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Monthly-No-FT-Selling-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 May monthly Crude Oil candlestick was an inside bull bar closing above the middle of its range with prominent tails above and 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 month<\/a>, we said traders would see if the bears could create a follow-through bear bar, or if the market would stall and trade higher instead.<\/li>\n\n\n\n<li>The bears were not able to create a follow-through bear bar.<\/li>\n\n\n\n<li>Previously, 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 see May as a pullback and hope to get another leg down.<\/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 successful breakout.<\/li>\n\n\n\n<li>The bulls\u00a0see the recent move down (Apr 9) as a bear leg and a sell vacuum testing the trading range low.<\/li>\n\n\n\n<li>They hope the trading range low area will act as support.<\/li>\n\n\n\n<li>If the market trades lower, they want a failed breakout below the December low.<\/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>They need to create a follow-through bull bar in June to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>As strong as the recent selloff was (Apr 9), it could still be a sell vacuum and a bear leg within the trading range.<\/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>Markets have inertia and tend to continue what they have been doing.<\/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 bulls can create a follow-through bull bar in June.<\/li>\n\n\n\n<li>Or will the bears get a retest of the April 9 low instead?<\/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>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\/06\/Crude-Oil-Weekly-Bear-Need-FT-or-2nd-Leg-Up.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bear-Need-FT-or-2nd-Leg-Up-680x383.jpg\" alt=\"Crude Oil Weekly - Bear Need FT, or 2nd Leg Up\" class=\"wp-image-239580\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bear-Need-FT-or-2nd-Leg-Up-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bear-Need-FT-or-2nd-Leg-Up-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bear-Need-FT-or-2nd-Leg-Up-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bear-Need-FT-or-2nd-Leg-Up-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bear-Need-FT-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 bar closing in its lower half with prominent tails above and below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-double-top-bear-flag\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create a follow-through bar, or if the market would continue to trade sideways followed by a retest above the April 23 high instead.<\/li>\n\n\n\n<li>While the market formed a bear bar this week, it mostly overlapped with the prior 2 weeks&#8217; range.<\/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 the last 2-3 weeks 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.<\/li>\n\n\n\n<li>They want the lower third of the trading range to act as support.<\/li>\n\n\n\n<li>They need to create strong bull bars 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. So far, this is the case.<\/li>\n\n\n\n<li>They need to create a strong follow-through selling to increase the odds of a reversal from a double top bear flag.<\/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>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 bar.<\/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>Or will the market continue to trade sideways (disappointing for the bears) instead? If so, the odds of a retest above the April 23 high will increase.<\/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 There was no follow-through selling on Crude Oil monthly chart. The bears see May as a pullback and hope to get another leg down. The bulls need to create a follow-through bull bar in June to increase the odds of the bull leg beginning. Crude oil futures The Monthly crude [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":239580,"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-239365","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\/06\/Crude-Oil-Weekly-Bear-Need-FT-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\/239365","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=239365"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/239365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/239580"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=239365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=239365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=239365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}