{"id":173346,"date":"2023-03-12T01:30:00","date_gmt":"2023-03-12T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=173346"},"modified":"2023-03-12T01:09:18","modified_gmt":"2023-03-12T09:09:18","slug":"crude-oil-low-4-sell-signal","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/crude-oil-low-4-sell-signal\/","title":{"rendered":"Crude Oil Low 4 Sell Signal Triggered"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The <strong>Crude oil<\/strong> futures triggered the Low 4 sell signal on the weekly chart by trading below last week&#8217;s low. The bears will need to create follow-through selling to increase the odds of a retest and breakout below the 16-week trading range. The bulls need to break far above the 16-week trading range high and 20-week exponential moving average to increase the odds of higher prices. Traders will BLSH (Buy Low, Sell High) until there is a breakout with follow-through from either direction.&nbsp;<\/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\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4-680x383.png\" alt=\"Crude Oil Weekly: Poor Follow-through buying, Low 4 sell signal\" class=\"wp-image-173495\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick on the&nbsp;<a href=\"https:\/\/www.investing.com\/commodities\/crude-oil-streaming-chart\" target=\"_blank\" rel=\"noreferrer noopener\">weekly Crude Oil chart<\/a>&nbsp;was an outside bear bar with a prominent tail below.<\/li>\n\n\n\n<li>Last week, we said that odds slightly favor Crude Oil to trade at least a little higher and traders will see if the bulls can create a strong follow-through bull bar, or will the market trade slightly higher but stalls around the trading range high and the 20-week exponential moving average again.<\/li>\n\n\n\n<li>This week traded slightly higher but stalled around the 20-week exponential moving average and reversed into an outside bear bar.<\/li>\n\n\n\n<li>The bulls want a failed breakout below the September low and the bull trend line.&nbsp;<\/li>\n\n\n\n<li>They triggered the H4 (High 4) buy entry last week but could not get follow-through buying.<\/li>\n\n\n\n<li>They want a retest and breakout above the 16-week trading range high and 20-week exponential moving average.<\/li>\n\n\n\n<li>The bulls need to break far above these resistances with follow-through buying to increase the odds of higher prices.<\/li>\n\n\n\n<li>The bears want the market to stall around the trading range high and the 20-week exponential moving average.<\/li>\n\n\n\n<li>They triggered the L4 (Low 4) sell signal this week by trading below last week\u2019s low.&nbsp;<\/li>\n\n\n\n<li>They will need to create strong follow-through selling next week to increase the odds of a breakout below the 16-week trading range.<\/li>\n\n\n\n<li>The last 16 candlesticks are overlapping sideways. That means&nbsp;<a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/trading-ranges\/\" target=\"_blank\" rel=\"noreferrer noopener\">Crude Oil is in a trading range<\/a>.&nbsp;<\/li>\n\n\n\n<li>Poor follow-through and reversals are more likely within a trading range.&nbsp;<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) until there is a breakout with follow-through from either direction.&nbsp;<\/li>\n\n\n\n<li>Since this week was a bear bar with a prominent tail below, it is a sell signal bar for next week albeit a slightly weaker one.<\/li>\n\n\n\n<li>Odds slightly favor Crude Oil to trade at least a little lower.<\/li>\n\n\n\n<li>Traders will see if the bears can create a strong follow-through bear bar, or will next week trades slightly lower but stall and close with a bull body or a long tail below.<\/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\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT-680x383.png\" alt=\"Crude Oil Daily: Trading Range, Triangle, Poor FT\" class=\"wp-image-173498\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Daily-Trading-Range-Triangle-Poor-FT.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crude Oil traded slightly above last week\u2019s high but reversed lower from around the February high. Friday traded lower but reversed into a bull bar closing near its high.<\/li>\n\n\n\n<li>Previously, we said that Crude Oil is in a trading range and traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction.&nbsp;<\/li>\n\n\n\n<li>The bears got a reversal lower from a double top bear flag (Feb 13 and Mar 7) but have not broken below the February low.<\/li>\n\n\n\n<li>This week\u2019s reversal triggered the larger L4 (Low 4) sell signal.&nbsp;<\/li>\n\n\n\n<li>The bears will need to create strong follow-through selling far below the February low to convince traders that a breakout below the 16-week trading range is underway.<\/li>\n\n\n\n<li>They want a breakout below the December low followed by a measured move down using the height of the 16-week trading range.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars closing near their lows to increase the odds of lower prices.<\/li>\n\n\n\n<li>If Crude Oil trades higher, they want it to stall around the trading range high and reverse lower again.<\/li>\n\n\n\n<li>The bulls want a failed breakout below the September \u2013 November trading range and the major bull trend line.<\/li>\n\n\n\n<li>From February 22 low, they got a reversal up to retest February high but did not get sustained follow-through buying.<\/li>\n\n\n\n<li>They have broken the bear trend line by trading sideways.<\/li>\n\n\n\n<li>If Crude Oil breaks below the December low, they hope that the 16-week trading range will be the final flag of the move down.<\/li>\n\n\n\n<li>For now, Crude Oil remains in a 16-week trading range. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction.&nbsp;<\/li>\n\n\n\n<li>Poor follow-through and reversals are more likely within a trading range.<\/li>\n\n\n\n<li>Crude Oil formed a triangle pattern and is in breakout mode.<\/li>\n\n\n\n<li>Markets have inertia and tend to continue to do what they have been doing.&nbsp;<\/li>\n\n\n\n<li>Traders should be prepared for breakouts to fail unless there is strong follow-through price action following the breakout.<\/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 Crude oil futures triggered the Low 4 sell signal on the weekly chart by trading below last week&#8217;s low. The bears will need to create follow-through selling to increase the odds of a retest and breakout below the 16-week trading range. The bulls need to break far above the [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":173495,"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":[325,1342],"class_list":{"0":"post-173346","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":"tag-sell-signal-bar","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/Crude-Oil-Weekly-Poor-Follow-through-buying-Low-4.png","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/173346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=173346"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/173346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/173495"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=173346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=173346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=173346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}