{"id":268561,"date":"2026-05-03T01:30:00","date_gmt":"2026-05-03T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=268561"},"modified":"2026-05-03T00:50:40","modified_gmt":"2026-05-03T07:50:40","slug":"large-crude-oil-trading-range","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/large-crude-oil-trading-range\/","title":{"rendered":"Large Crude Oil Trading Range"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The market formed a large Crude Oil trading range following the breakout in March. Bulls see April as a pullback and want a second leg sideways to up.  Bears want the March 9 high area to act as resistance. If the market trades higher, they want a failed breakout above the March 9 high, forming a reversal bar or bars with prominent upper tails.<\/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\/05\/Crude-Oil-Monthly-Trading-Range-Following-Breakout.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Monthly-Trading-Range-Following-Breakout-680x383.jpg\" alt=\"Crude Oil Monthly - Trading Range Following Breakout, Large Crude Oil Trading Range\" class=\"wp-image-268775\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Monthly-Trading-Range-Following-Breakout-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Monthly-Trading-Range-Following-Breakout-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Monthly-Trading-Range-Following-Breakout-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Monthly-Trading-Range-Following-Breakout-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Monthly-Trading-Range-Following-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>April formed an inside bull bar closing in its upper half, with a long tail below and a prominent upper tail.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-retest-of-prior-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said traders were watching whether bulls could generate follow-through buying for a breakout above the March 9 high, or whether the market would fail above it with a long upper tail or a bear bar.<\/li>\n\n\n\n<li>April had two-sided trading within March\u2019s range.<\/li>\n\n\n\n<li>Bears see the rally as a buy vacuum test of the 2022 high, followed by a pullback and a retest of the March 9 high in April.<\/li>\n\n\n\n<li>Bears want the March 9 high area to act as resistance.<\/li>\n\n\n\n<li>If the market trades higher, they want a failed breakout above the March 9 high, forming a reversal bar or bars with prominent upper tails.<\/li>\n\n\n\n<li>Bears need strong bear bars to demonstrate control.<\/li>\n\n\n\n<li>Bulls see April as a pullback and want a second leg sideways to up.<\/li>\n\n\n\n<li>They want any pullback to remain sideways and weak, with overlapping bars and prominent lower tails.<\/li>\n\n\n\n<li>The move up consists of a five-bar bull microchannel with micro gaps, indicating bull strength.<\/li>\n\n\n\n<li>Bulls want a retest and breakout above the March 9 high, followed by a measured move based on the height of the initial rally in March.<\/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 broke out of a tight trading range in March following the Middle East conflict.<\/li>\n\n\n\n<li>Crude oil is forming a sideways-to-down pullback following the rally, which could last a couple of months.<\/li>\n\n\n\n<li>Traders will watch whether bulls can generate follow-through buying for a breakout above the March 9 high, or whether the market fails above it with a long upper tail or bear bars.<\/li>\n\n\n\n<li>Will the market instead trade lower to retest the April low or the 20-month EMA?<\/li>\n\n\n\n<li>For now, the market could still retest the March 9 high or nearby levels.<\/li>\n\n\n\n<li>The candlestick following an inside bar sometimes forms another inside bar, creating an ii (inside\u2013inside) breakout mode pattern.<\/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\/05\/Crude-Oil-Weekly-Large-Trading-Range.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range-680x383.jpg\" alt=\"Crude Oil Weekly - Large Trading Range\" class=\"wp-image-268776\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range.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 below the middle of its range, with a long tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-is-testing-the-middle-of-the-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could generate follow-through buying to retest the March 9 high, or whether the market would continue to stall around the middle of the range.<\/li>\n\n\n\n<li>The market traded higher to retest the April 7 high, forming a lower high, followed by a pullback toward the middle of the range.<\/li>\n\n\n\n<li>Bulls want a retest of the March 9 high, followed by a breakout and a measured move based on the height of the initial rally, projecting to above $160.<\/li>\n\n\n\n<li>They want any pullback to stall above the April 17 low, forming a large double bottom bull flag.<\/li>\n\n\n\n<li>Bulls need consecutive bull bars closing near their highs to increase the odds of a strong breakout above the trading range high.<\/li>\n\n\n\n<li>Bears see the current move as a retest of the prior high and want the top of the trading range to act as resistance.<\/li>\n\n\n\n<li>They want a reversal from a double top (March 9 and April 7) and a lower high major trend reversal (April 30).<\/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 retested the trading range high, forming a lower high.<\/li>\n\n\n\n<li>The middle of the range is an area of balance and often acts as a magnet.<\/li>\n\n\n\n<li>The market remains in a trading range with overlapping price action. Traders may continue to Buy Low, Sell High (BLSH)\u2014buying near the lower third and selling near the upper third\u2014until there is a strong breakout with follow-through.<\/li>\n\n\n\n<li>Traders will watch whether bulls can generate follow-through buying to break above the March 9 high, or whether the market trades lower to retest the bottom of the range near the April 17 low.<\/li>\n\n\n\n<li>External factors, such as developments 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 class=\"wp-block-paragraph\">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 large Crude Oil trading range following the breakout in March. Bulls see April as a pullback and want a second leg sideways to up. Bears want the March 9 high area to act as resistance. If the market trades higher, they want a failed breakout above [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":268776,"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":["post-268561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crude-oil","category-analysis","tag-crude-oil-futures","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Crude-Oil-Weekly-Large-Trading-Range.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\/268561","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=268561"}],"version-history":[{"count":4,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/268561\/revisions"}],"predecessor-version":[{"id":268791,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/268561\/revisions\/268791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/268776"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=268561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=268561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=268561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}