Market Overview: Crude Oil Futures The market formed a monthly Crude Oil tight trading range (sideways overlapping candlesticks, poor follow-through and frequent reversals). The bulls want a reversal from a double bottom bull flag (Jun 4 and Sep 10) and a larger double bottom bull flag (Dec 13 and Sep 10). The bears hope to […]
Weekly Crude Oil Outside Bull Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil outside bull bar closing above the 20-week EMA. The bulls must create follow-through buying above the bear trend line and the 20-week EMA to increase the odds of testing the October 8 high. The bears want a retest of the October low and […]
Weekly Crude Oil Bear Entry Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bear entry bar testing near the October 29 low. The bears must create follow-through selling to increase the odds of a retest and breakout below the triangle. The bulls want the October low or the bottom of the triangle to act as support. […]
Weak Crude Oil Bull Doji
Market Overview: Crude Oil Futures The market formed a weak Crude Oil bull doji closing below the 20-week EMA. The bulls want a reversal from a double bottom bull flag (Oct 1 and Oct 29). They must create bull bars trading above the 20-week EMA to increase the odds of testing the October 8 high. […]
Bitcoin hits new all-time high of $77300
Market Overview: Bitcoin This week, Bitcoin hit a new all-time high, surpassing the previous peak set on March 14, 2024, after trading below it for several months. Since then, a test of this high has been anticipated, fueled by the strong bull breakout that began early in 2024. Our reports have consistently emphasized the likelihood […]
Overlapping Candlesticks in Crude Oil
Market Overview: Crude Oil Futures The overlapping candlesticks in Crude Oil, poor follow-through and frequent reversals are hallmarks of trading range price action. The bears hope to get a second leg sideways to down to retest the September low followed by a breakout below the triangle. The bulls want a reversal from a double bottom […]
No Weekly Crude Oil Follow-through Selling
Market Overview: Crude Oil Futures There was no weekly Crude Oil follow-through selling, closing as an inside bull bar near its high. The bulls want a reversal from a double bottom bull flag (Oct 1 and Oct 18). They must create consecutive bull bars closing near their highs to increase the odds of a retest […]
Weekly Crude Oil Big Bear Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil big bear bar closing below the 20-week EMA. The bears must create a follow-through bear bar (following this week’s close below the 20-week EMA) to increase the odds of retesting the September 10 low. The bulls see this week as a deep pullback […]
Weekly Crude Oil Follow-through
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil follow-through bull bar closing above the 20-week EMA. The bulls must create consecutive bull bars closing near their highs to increase the odds of a breakout above the triangle top. The bears see the recent move as a two-legged pullback (Sep 24 and […]
Weekly Crude Oil Big Outside Bull Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil big outside bull bar closing above the 20-week EMA. The bulls want a retest of the triangle high and a strong breakout above. They must create consecutive bull bars closing near their highs to increase the odds of a breakout above the triangle […]
