{"id":254420,"date":"2025-11-09T01:30:00","date_gmt":"2025-11-09T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=254420"},"modified":"2025-11-08T19:16:43","modified_gmt":"2025-11-09T03:16:43","slug":"crude-oil-bulls-want-a-second-leg-up","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-bulls-want-a-second-leg-up\/","title":{"rendered":"Crude Oil Bulls Want a Second Leg Up"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The Crude Oil bulls want a second leg up from a double bottom bull flag (Oct 30 and Nov 6). Bears want at least a small second leg sideways to down to retest the October 20 low, even if it only forms a higher low. Poor follow-through and frequent reversals are hallmarks of a trading range.<\/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\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR-680x383.jpg\" alt=\"Crude Oil Weekly - PB, Bulls Want 2nd Leg Up, Middle of TR\" class=\"wp-image-254542\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR.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 week\u2019s candlestick on the Crude Oil weekly chart 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-is-trading-in-area-of-balance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a> we said traders would watch whether bulls could create consecutive bull bars closing above the 20-week EMA and the bear trend line in the weeks ahead, or if the market would stall and form a retest of the October 20 low.<\/li>\n\n\n\n<li>So far, the market is stalling around the 20-week EMA and forming a retest toward the October 20 low.<\/li>\n\n\n\n<li>Bulls see the recent selloff (Oct 20) as a large two-legged bear leg within the trading range (first leg: Jun 23\u2013Aug 13).<\/li>\n\n\n\n<li>They want the lower third of the trading range to continue acting as support, which has held so far.<\/li>\n\n\n\n<li>They want a second leg sideways to up breaking above the October 24 high from a double bottom bull flag (Oct 30 and Nov 6).<\/li>\n\n\n\n<li>They need strong consecutive bull bars closing far above the 20-week EMA and the bear trend line to increase the odds of testing the trading range high.<\/li>\n\n\n\n<li>Bears see the recent move (Oct 24) as a pullback and want the 20-week EMA and bear trend line to act as resistance.<\/li>\n\n\n\n<li>They view the recent rally as forming a large wedge bear flag (Jul 30, Sep 26, Oct 24).<\/li>\n\n\n\n<li>They want at least a small second leg sideways to down to retest the October 20 low, even if it only forms a higher low. That move is currently underway.<\/li>\n\n\n\n<li>If the market trades higher, bears want the 20-week EMA and bear trend line to act as resistance.<\/li>\n\n\n\n<li>Crude Oil remains in a large trading range.<\/li>\n\n\n\n<li>Traders will likely continue to BLSH (Buy Low, Sell High) within the range \u2014 buying near the lower third and selling near the upper third \u2014 until a clear breakout with sustained follow-through occurs.<\/li>\n\n\n\n<li>Currently, the market is trading near the middle of the range, an area of balance and a magnet.<\/li>\n\n\n\n<li>Traders will watch whether bears can create a strong retest of the October low.<\/li>\n\n\n\n<li>Or will the market reverse to retest the 20-week EMA and the October 24 high 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<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\/11\/Crude-Oil-Daily-Small-Double-Bottom-Bull-Flag.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Small-Double-Bottom-Bull-Flag-680x383.jpg\" alt=\"Crude Oil Daily - Small Double Bottom Bull Flag\" class=\"wp-image-254543\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Small-Double-Bottom-Bull-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Small-Double-Bottom-Bull-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Small-Double-Bottom-Bull-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Small-Double-Bottom-Bull-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Small-Double-Bottom-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 to down for the week, closing slightly below the 20-day EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-reversed-to-the-middle-of-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said traders would watch if bulls can create sustained follow-through buying above the 20-day EMA and break above the bear trendline, or if the market would stall, followed by a sideways-to-down leg to retest the recent low (Oct 20).<\/li>\n\n\n\n<li>Bulls created a reversal from both a large wedge bull flag (Jun 24, Aug 13, Oct 20) and a smaller wedge bull flag (Oct 2, Oct 10, Oct 20).<\/li>\n\n\n\n<li>They see the current move as a small pullback forming a double bottom bull flag (Oct 30 and Nov 6).<\/li>\n\n\n\n<li>They want a second leg sideways to up, followed by a strong 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 (relative to Oct 20) and a wedge bull flag (first two legs: Oct 30 and Nov 6).<\/li>\n\n\n\n<li>Bulls need strong consecutive bull bars trading above the 20-day EMA and the bear trendline to show they are regaining control.<\/li>\n\n\n\n<li>Bears see the recent move (Oct 24) as a pullback and want a reversal from a large wedge bear flag (Jul 30, Sep 26, Oct 24).<\/li>\n\n\n\n<li>They want a retest of the recent low (Oct 20), even if it only forms a higher low.<\/li>\n\n\n\n<li>They want the bear trendline and 20-day EMA to act as resistance.<\/li>\n\n\n\n<li>If the market trades higher, bears want the Oct 24 high to act as resistance.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars to increase the odds of another strong leg down.<\/li>\n\n\n\n<li>The market remains in a large trading range.<\/li>\n\n\n\n<li>Traders will continue to BLSH (Buy Low, Sell High) until there is a clear breakout in either direction with sustained follow-through buying or selling.<\/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>The middle of the trading range is an area of balance and a magnet.<\/li>\n\n\n\n<li>For now, traders will watch if bears can create more follow-through selling below the 20-day EMA.<\/li>\n\n\n\n<li>Or will bulls create a retest above the October 24 high with follow-through buying 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 Crude Oil bulls want a second leg up from a double bottom bull flag (Oct 30 and Nov 6). Bears want at least a small second leg sideways to down to retest the October 20 low, even if it only forms a higher low. Poor follow-through and frequent reversals [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":254542,"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-254420","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\/11\/Crude-Oil-Weekly-PB-Bulls-Want-2nd-Leg-Up-Middle-of-TR.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\/254420","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=254420"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/254420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/254542"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=254420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=254420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=254420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}