{"id":266614,"date":"2026-04-05T01:30:00","date_gmt":"2026-04-05T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=266614"},"modified":"2026-04-05T01:04:41","modified_gmt":"2026-04-05T08:04:41","slug":"crude-oil-retest-of-prior-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-retest-of-prior-high\/","title":{"rendered":"Crude Oil Retest of Prior High"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market is in a <strong>Crude Oil <\/strong>retest of prior high. Bulls want a retest and breakout above the March 9 high, with sustained follow-through buying. If the market trades higher, bears want a failed breakout above the March 9 high, with prominent upper tails or bear bars.<\/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\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-Buying.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-Buying-680x383.jpg\" alt=\"Crude Oil Monthly - Bulls Need Follow-through Buying, Crude Oil Retest of Prior High\" class=\"wp-image-266868\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Monthly-Bulls-Need-Follow-through-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>March formed a large bull bar closing in its upper half, with a long tail above, testing the 2022 high.<\/li>\n\n\n\n<li>Bears see the rally as a buy climax overshooting the 2022 high.<\/li>\n\n\n\n<li>They view the current move as a retest of the recent leg extreme high (March 9) and want a lower high or double top.<\/li>\n\n\n\n<li>If the market trades higher, they want a failed breakout above the March 9 high, with prominent upper tails or bear bars.<\/li>\n\n\n\n<li>Bears need strong bear bars to demonstrate control.<\/li>\n\n\n\n<li>Bulls got a strong spike up on March 9, but the long upper tail indicates profit-taking.<\/li>\n\n\n\n<li>They want a retest and breakout above the March 9 high, with sustained follow-through buying.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>The market formed a strong bull bar following the Middle East conflict breakout.<\/li>\n\n\n\n<li>Traders are watching whether bulls can generate follow-through buying for a breakout above the March 9 high, or if the market fails above it with a long upper tail or bear bar.<\/li>\n\n\n\n<li>For now, the market could still trade higher in the first half of the month.<\/li>\n\n\n\n<li>Any escalation or de-escalation in the Middle East could accelerate or reverse the current move.<\/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\/2026\/04\/Crude-Oil-Weekly-Retest-High-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\/2026\/04\/Crude-Oil-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"Crude Oil Weekly - Retest High, Bulls Need FT Buying\" class=\"wp-image-266869\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Weekly-Retest-High-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Weekly-Retest-High-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Weekly-Retest-High-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/04\/Crude-Oil-Weekly-Retest-High-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>This week\u2019s candlestick was a bull bar closing near its high, with a prominent lower tail.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-trading-in-middle-of-1-bar-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could retest the March 9 high, even if it forms a lower high, or if the market would continue sideways and pull back to the 20-week EMA.<\/li>\n\n\n\n<li>The market pulled back slightly early in the week but reversed sharply higher on Thursday.<\/li>\n\n\n\n<li>Bulls got a strong spike up on March 9, but the long upper tail shows profit-taking at higher prices.<\/li>\n\n\n\n<li>They want at least a small sideways to up leg retesting the March 9 high, even if it forms a lower high. The move is underway.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars to increase the odds of a breakout above the March 9 high.<\/li>\n\n\n\n<li>Bears see the March 9 move as a parabolic buy climax.<\/li>\n\n\n\n<li>They view the current move as a retest and want a lower high or double top.<\/li>\n\n\n\n<li>If the market trades higher, they want a failed breakout above the March 9 high, followed by strong bear bars.<\/li>\n\n\n\n<li>Bears need consecutive bear bars closing near their lows to show control.<\/li>\n\n\n\n<li>The market formed a parabolic buy vacuum above the 2022 high (March 9), followed by a deep pullback, creating a 1-bar trading range.<\/li>\n\n\n\n<li>Traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n\n\n\n<li>The middle of the range acts as a magnet and area of balance.<\/li>\n\n\n\n<li>Traders will watch whether bulls can generate a breakout above the March 9 high with sustained follow-through, or if the market fails above it with prominent upper tails or bear bars.<\/li>\n\n\n\n<li>Any escalation or de-escalation in the Middle East could accelerate or reverse the current move.<\/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 in a Crude Oil retest of prior high. Bulls want a retest and breakout above the March 9 high, with sustained follow-through buying. If the market trades higher, bears want a failed breakout above the March 9 high, with prominent upper tails or bear bars. Crude oil [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":266869,"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-266614","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\/2026\/04\/Crude-Oil-Weekly-Retest-High-Bulls-Need-FT-Buying.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\/266614","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=266614"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/266614\/revisions"}],"predecessor-version":[{"id":266877,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/266614\/revisions\/266877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/266869"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=266614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=266614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=266614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}