{"id":273998,"date":"2026-07-26T01:30:00","date_gmt":"2026-07-26T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=273998"},"modified":"2026-07-25T11:37:25","modified_gmt":"2026-07-25T18:37:25","slug":"crude-oil-bulls-want-a-second-leg-sideways-to-up","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/crude-oil-bulls-want-a-second-leg-sideways-to-up\/","title":{"rendered":"Crude Oil Bulls Want a Second Leg Sideways to Up"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Crude oil<\/strong> bulls want a second leg sideways to up following any pullback. Bulls believe the market has flipped into Always In Long. If the market trades higher, bears want the June 3 high area to act as resistance, forming a lower high (relative to the May 18 high).<\/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\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback-680x383.jpg\" alt=\"Crude Oil Weekly - Bulls Want 2nd Leg up After a Pullback, Crude Oil Bulls Want a Second Leg Sideways to Up\" class=\"wp-image-274087\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback.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 formed a bull bar, closing in its upper half with a prominent upper tail.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-bulls-need-follow-through-bull-bars\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could create follow-through buying above the 20-week EMA to retest the middle of the trading range, or whether the market would trade slightly higher but close with a long tail above or a bear body instead.<\/li>\n\n\n\n<li>Bulls created follow-through buying, testing the middle of the trading range.<\/li>\n\n\n\n<li>Bulls want a strong bull leg to retest the high of the trading range.<\/li>\n\n\n\n<li>Bulls believe the market has flipped into Always In Long.<\/li>\n\n\n\n<li>If the market forms a pullback, bulls want the move to be weak and sideways, with prominent lower tails, forming a higher low followed by a large second leg sideways to up.<\/li>\n\n\n\n<li>Bulls want the 20-week EMA to act as support.<\/li>\n\n\n\n<li>Bulls need sustained follow-through buying to increase the odds of testing the high of the trading range.<\/li>\n\n\n\n<li>Bears see the current move as a buy vacuum bull leg testing the middle of the trading range.<\/li>\n\n\n\n<li>Bears want the middle of the trading range to act as resistance. If the market trades higher, bears want the June 3 high area to act as resistance, forming a lower high (relative to the May 18 high).<\/li>\n\n\n\n<li>Bears need consecutive strong bear bars to show control.<\/li>\n\n\n\n<li>The market formed a bull leg testing the middle of the trading range.<\/li>\n\n\n\n<li>The market is likely Always In Long.<\/li>\n\n\n\n<li>Traders will watch whether bulls can create more follow-through buying to retest the high of the trading range.<\/li>\n\n\n\n<li>Traders will also watch whether the market stalls around the middle of the trading range, followed by a pullback to retest the 20-week EMA in the weeks ahead.<\/li>\n\n\n\n<li>The move up is strong enough for traders to expect at least a small sideways to up leg to retest the leg extreme high (now July 23) after a pullback.<\/li>\n\n\n\n<li>The middle of the trading range is an area of balance and can act as a magnet.<\/li>\n\n\n\n<li>Traders continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the trading range until there is a strong breakout with sustained follow-through.<\/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\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback-680x383.jpg\" alt=\"Crude Oil Daily - Bulls Want 2nd Leg up After a Pullback\" class=\"wp-image-274088\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/Crude-Oil-Daily-Bulls-Want-2nd-Leg-up-After-a-Pullback.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 higher, testing the middle of the trading range, followed by a pullback on Friday.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-bulls-need-follow-through-bull-bars\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could create more follow-through buying to test the middle of the trading range, or whether the market would trade higher but stall around the May 6 or May 29 low area, followed by a pullback to test the July 2 low, even if it only forms a higher low.<\/li>\n\n\n\n<li>Bulls hope to get a strong bull leg to retest the high of the trading range.<\/li>\n\n\n\n<li>Bulls believe the market has flipped into Always In Long.<\/li>\n\n\n\n<li>If the market forms a pullback, bulls want the move to be weak and sideways, stalling around the 20-day EMA, followed by a large second leg sideways to up to retest the current leg extreme high (July 23).<\/li>\n\n\n\n<li>Bears see the current move as a buy vacuum bull leg testing the middle of the trading range.<\/li>\n\n\n\n<li>Bears hope to get a two-legged sideways to down pullback from a parabolic wedge (July 8, July 14, and July 23), testing the 20-day EMA.<\/li>\n\n\n\n<li>Bears need to create consecutive strong bear bars breaking strongly below the bull trend line to indicate strength.<\/li>\n\n\n\n<li>After that, they want the retest of the bull leg extreme high (now July 23) to be weak, with overlapping bars and prominent upper tails, forming a lower high and a double top.<\/li>\n\n\n\n<li>Bears hope the middle of the trading range will act as resistance.<\/li>\n\n\n\n<li>If the market trades higher, bears want the June 3 high to act as resistance.<\/li>\n\n\n\n<li>The market formed an 11-bar bull microchannel, indicating strong bulls and increasing the odds of at least a small second leg sideways to up after a pullback.<\/li>\n\n\n\n<li>There will likely be buyers below the first pullback.<\/li>\n\n\n\n<li>The market has likely flipped into Always In Long.<\/li>\n\n\n\n<li>Traders will watch whether bulls can create more follow-through buying to test the high of the trading range, or whether the market forms a pullback to retest the 20-day EMA instead.<\/li>\n\n\n\n<li>If a pullback forms, traders will watch its strength, whether it contains consecutive strong bear bars or is weak, with overlapping candlesticks and prominent lower tails.<\/li>\n\n\n\n<li>The middle of the trading range can act as an area of balance and a magnet.<\/li>\n\n\n\n<li>Traders continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the trading range until there is a strong breakout with sustained follow-through.<\/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 Crude oil bulls want a second leg sideways to up following any pullback. Bulls believe the market has flipped into Always In Long. If the market trades higher, bears want the June 3 high area to act as resistance, forming a lower high (relative to the May 18 high). [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":274087,"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-273998","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\/07\/Crude-Oil-Weekly-Bulls-Want-2nd-Leg-up-After-a-Pullback.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\/273998","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=273998"}],"version-history":[{"count":4,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/273998\/revisions"}],"predecessor-version":[{"id":274101,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/273998\/revisions\/274101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/274087"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=273998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=273998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=273998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}