{"id":255529,"date":"2025-11-23T01:30:00","date_gmt":"2025-11-23T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=255529"},"modified":"2025-11-22T23:58:59","modified_gmt":"2025-11-23T07:58:59","slug":"crude-oil-retest-of-the-october-low","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-retest-of-the-october-low\/","title":{"rendered":"Crude Oil Retest of the October Low"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market is forming a <strong>Crude oil<\/strong> retest of the October low. Bulls want a reversal from a higher low major trend reversal and a wedge bull flag (Nov 6, Nov 13, Nov 21). Bears hope for a strong bear leg breaking below the October low to test the lower boundary of the 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-Micro-Wedge-Bull-Flag-680x383.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-Micro-Wedge-Bull-Flag-680x383.jpg\" alt=\"Crude Oil Weekly - Micro Wedge Bull Flag, Crude Oil Retest of the October Low\" class=\"wp-image-255671\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Micro-Wedge-Bull-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Micro-Wedge-Bull-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Micro-Wedge-Bull-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Micro-Wedge-Bull-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Micro-Wedge-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>This week\u2019s Crude Oil candlestick was a bear bar closing in its lower half with a small tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-wedge-bull-flag-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bears could create more follow-through selling to retest the October low, or if the market would reverse and close back above the 20-week EMA.<\/li>\n\n\n\n<li>The market traded higher early in the week to test the 20-week EMA but reversed lower from Wednesday onward.<\/li>\n\n\n\n<li>Bulls see the 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 see the current decline as a retest of the October low and want a reversal from a higher low major trend reversal and a wedge bull flag (Nov 6, Nov 13, Nov 21).<\/li>\n\n\n\n<li>Bulls need strong consecutive bull bars closing far above the 20-week EMA and the bear trendline to show they are taking control.<\/li>\n\n\n\n<li>Bears see the rally to the October 24 high as a pullback and want the 20-week EMA and the bear trendline to continue acting as resistance. So far, that has held.<\/li>\n\n\n\n<li>They want a second leg sideways to down to retest the October 20 low \u2014 even if it forms a higher low \u2014 from a large wedge bear flag (Jul 30, Sep 26, Oct 24). That move is currently underway.<\/li>\n\n\n\n<li>Bears hope for a strong bear leg breaking below the October low to test the lower boundary of the trading range.<\/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 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 appears.<\/li>\n\n\n\n<li>The past four weeks formed a retest of the October low with overlapping bars, indicating the bears are not decisively strong.<\/li>\n\n\n\n<li>The market is trading near the lower third of the trading range, and there could be buyers there.<\/li>\n\n\n\n<li>For now, traders will watch whether bears can create more follow-through selling to retest and break below the October low.<\/li>\n\n\n\n<li>Or will buyers appear again around the October low area instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals remain 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-High-4-Bulls-Need-FT-Buying.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-High-4-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"Crude Oil Daily - High 4, Bulls Need FT Buying\" class=\"wp-image-255672\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-High-4-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-High-4-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-High-4-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-High-4-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-High-4-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 traded slightly higher early in the week but reversed below the 20-day EMA from Wednesday onward.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-wedge-bull-flag-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bears could create more follow-through selling below the 20-day EMA, or if bulls could generate a retest of the October 24 high with follow-through buying.<\/li>\n\n\n\n<li>Previously, bulls created a rally from a large wedge bull flag (Jun 24, Aug 13, Oct 20).<\/li>\n\n\n\n<li>They see the current pullback forming a large High 4 bull flag and want the move to form a higher low relative to October 20.<\/li>\n\n\n\n<li>Bulls want a strong leg up breaking far above the 20-day EMA and the bear trendline.<\/li>\n\n\n\n<li>They 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 rally to the October 24 high 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 \u2014 which is currently the case.<\/li>\n\n\n\n<li>If the market trades higher, bears want the 20-day EMA, the bear trendline, or the October 24 high to act as resistance.<\/li>\n\n\n\n<li>Bears must create strong consecutive bear bars breaking below the October low 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 Buy Low, Sell High until there is a clear breakout in either direction with sustained follow-through.<\/li>\n\n\n\n<li>That means buying near the lower third and selling near the upper third of the trading range.<\/li>\n\n\n\n<li>The retest of the October low over the past four weeks has overlapping ranges, indicating the bears are not yet decisively strong.<\/li>\n\n\n\n<li>The market is currently near the lower third of the trading range, which can act as the buy zone for trading-range buyers.<\/li>\n\n\n\n<li>For now, traders will watch whether bears can create more follow-through selling and break below the October low.<\/li>\n\n\n\n<li>Or will the market stall around the October low area and move toward a retest of the October 24 high instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals remain 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 is forming a Crude oil retest of the October low. Bulls want a reversal from a higher low major trend reversal and a wedge bull flag (Nov 6, Nov 13, Nov 21). Bears hope for a strong bear leg breaking below the October low to test the lower [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":255671,"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-255529","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-Micro-Wedge-Bull-Flag.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\/255529","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=255529"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/255529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/255671"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=255529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=255529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=255529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}