{"id":241426,"date":"2025-06-22T01:30:00","date_gmt":"2025-06-22T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=241426"},"modified":"2025-06-21T12:37:40","modified_gmt":"2025-06-21T19:37:40","slug":"crude-oil-bull-leg-within-the-trading-range","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-bull-leg-within-the-trading-range\/","title":{"rendered":"Crude Oil Bull Leg Within the Trading Range"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market formed a Crude Oil bull leg within the trading range. The bulls hope to get a breakout above the top of the trading range and a measured move based on the height of the trading range. The bears want the upper third of the trading range 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\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout-680x383.jpg\" alt=\"Crude Oil Weekly - Bull Leg, Bulls Want Breakout, Crude Oil Bull Leg Within the Trading Range\" class=\"wp-image-241659\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bull-Leg-Bulls-Want-Breakout.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 candlestick 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 an inside bear bar closing in its upper half with a long tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-buy-vacuum\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would BLSH (Buy Low, Sell High) until there is a breakout from either direction with\u00a0sustained follow-through buying\/selling. The middle of the trading range can be a magnet (around the $67 area).<\/li>\n\n\n\n<li>The market formed a retest of the middle of the trading range on Monday followed by sideways to up for the rest of the week.<\/li>\n\n\n\n<li>The bulls got a bull spike to retest the top of the trading range.<\/li>\n\n\n\n<li>They hope to get a breakout above the top of the trading range and a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>They must create consecutive bull bars closing near their highs to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>The bears see the current move as a bull leg and a buy vacuum within the trading range.<\/li>\n\n\n\n<li>They want the upper third of the trading range to act as resistance.<\/li>\n\n\n\n<li>They must create strong bear bars with follow-through selling to show they are back in control.<\/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>The market is currently trading around the upper third of the trading range which could be the sell zone of trading range traders.<\/li>\n\n\n\n<li>As strong as the current move is, it could still be a buy vacuum and a bull leg within the trading range.<\/li>\n\n\n\n<li>The middle of the trading range can be a magnet (around the $67 area).<\/li>\n\n\n\n<li>The market remains volatile due to the renewed conflict in the Middle East and how it is being handled.<\/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\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel-680x383.jpg\" alt=\"Crude Oil Daily - Bull Leg, Buy Vacuum, Tight Bull Channel\" class=\"wp-image-241662\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bull-Leg-Buy-Vacuum-Tight-Bull-Channel.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 formed a pullback to the middle of the trading range on Monday but there was no follow-through selling. The market formed a retest of the Jun 13 high on Friday closing as a bull bar with a long tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-buy-vacuum\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the market remains in a large trading range. The middle of the trading range can be a magnet (around $67).<\/li>\n\n\n\n<li>The bulls got a big bull spike testing the top of the trading range.<\/li>\n\n\n\n<li>They want a breakout above the top of the trading range followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>The current move is in the form of a tight bull channel and a 12-bar bull microchannel. That means strong bulls. However, it is also slightly climactic.<\/li>\n\n\n\n<li>If there is a pullback, they want the 20-day EMA to act as support, forming a higher low.<\/li>\n\n\n\n<li>The bears see the current move as a buy vacuum and bull leg within the trading range.<\/li>\n\n\n\n<li>They want the upper third of the trading range to act as resistance.<\/li>\n\n\n\n<li>They see Friday forming a lower high and a small double top (Jun 13 and Jun 20).<\/li>\n\n\n\n<li>They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n<li>For now, 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>There may be buyers below the first pullback below the 12-bar bull microchannel.<\/li>\n\n\n\n<li>The middle of the trading range can be a magnet (around $67).<\/li>\n\n\n\n<li>The market is trading around the upper third of the trading range which can be the sell zone of trading range traders.<\/li>\n\n\n\n<li>The renewed conflict in the Middle East will keep prices volatile depending on how the issue is handled.<\/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 Crude Oil bull leg within the trading range. The bulls hope to get a breakout above the top of the trading range and a measured move based on the height of the trading range. The bears want the upper third of the trading range to act [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":241659,"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-241426","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-Bull-Leg-Bulls-Want-Breakout.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\/241426","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=241426"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/241426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/241659"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=241426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=241426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=241426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}