Market Overview: Crude Oil Futures Crude Oil bears need follow-through selling on the weekly chart. They see the recent move as a pullback and want a reversal from another lower high followed by another leg down completing the wedge pattern (with the first two legs being Aug 5 and Sep 10). The bulls hope to […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bull entry bar on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of testing the middle of the trading range. The bears want a reversal from a double top bear flag (with the first leg […]

Market Overview: Crude Oil Futures Crude Oil test the trading range low but reversed into a bull doji on the weekly chart. The bulls want a failed breakout below the triangle and the market to reverse to the middle of the trading range. If the market trades higher, the bears want a reversal from another […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil breakout below the triangle pattern. The next target for the bears is the December low. They need to create a follow-through bear bar to confirm the breakout. The bulls want a reversal from a double bottom bull flag (Jun 4 and Sept 6) […]

Market Overview: Crude Oil Futures The market formed a monthly Crude Oil double top bear flag trading around the middle of the trading range. The bears want the market to close far below the 20-month EMA and a breakout below the triangle pattern. The bulls want a reversal from a double bottom bull flag (Jun […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil trading range around the middle of the large trading range. The bears hope this week was simply a pullback and want another retest of the August 5 low. The bulls want a reversal from a double bottom bull flag (Jun 4 and Aug […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil lower high. The bears must create a strong entry bar to increase the odds of retesting the August 5 low and the triangle bottom. The bulls hope that this week was simply a pullback and want at last a small retest of the […]

Market Overview: Crude Oil Futures The market formed a Crude Oil double bottom bull flag on the weekly chart. If there is a pullback (bounce), the bears want at least a small second leg sideways to down to retest the current leg low (now Aug 5). The bulls want a reversal from a double bottom […]

Market Overview: Crude Oil Futures The market formed a monthly Crude Oil lower high in July. The bears want a reversal from a lower high major trend reversal, a wedge bear flag (Sep 28, Apr 12, and Jul 5), and a double top bear flag (Apr 12 and Jul 5). The bulls hope that the current sideways-to-down […]

Market Overview: Crude Oil Futures The market formed a weekly Crude Oil pullback testing the middle of the trading range. The bears need to create a follow-through bear bar to increase the odds of testing the bottom of the triangle. The bulls see the current move simply as a pullback and want at least a […]