The Weekly<\/em> crude oil chart<\/h3>\n\n\n\n![\"Crude](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-Bulls-Want-BO-About-April-High-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0candlestick on the\u00a0weekly Crude Oil chart<\/a> was another consecutive bull bar closing around the middle of its range with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said that the market may still be in the sideways to up phase. Traders would see if the bulls could create sustained follow-through buying over the next few weeks or if the market would trade slightly higher but stall around the October or July highs area instead.<\/li>\n\n\n\n
- The market traded higher testing the July high and near the April high, but the candlestick closed with a long tail above which indicates some selling activity.<\/li>\n\n\n\n
- The bulls got a follow-through bull bar following the breakout above the triangle.<\/li>\n\n\n\n
- They got a measured move based on the height of the tight trading range which took them to the July high area.<\/li>\n\n\n\n
- Next, they want a retest of the April and September highs.<\/li>\n\n\n\n
- If there is a pullback, they want at least a small second leg sideways to up to retest the current leg extreme high (now Jan 15).<\/li>\n\n\n\n
- The bears want a reversal from a double top bear flag (Jul 5 and Jan 15).<\/li>\n\n\n\n
- They hope that the July or April highs will act as resistance.<\/li>\n\n\n\n
- They see the current move as a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n
- They want a retest of the middle of the trading range (around the 20-week EMA area).<\/li>\n\n\n\n
- So far, the market formed a bull leg testing the upper third of the large trading range.<\/li>\n\n\n\n
- As strong as the move is, it could still only be a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n
- For now, traders will see if the bulls can continue to create follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the July high area, followed by a pullback in the weeks ahead?<\/li>\n\n\n\n
- The market remains in a large trading range.<\/li>\n\n\n\n
- Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction with\u00a0sustained follow-through buying\/selling.<\/li>\n\n\n\n
- That means selling in the upper third and buying in the lower third of the trading range.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> crude oil chart<\/h3>\n\n\n\n![\"Crude](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-BO-Above-April-High-ii-Pattern-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This\u00a0week\u2019s\u00a0candlestick on the\u00a0weekly Crude Oil chart<\/a> was another consecutive bull bar closing around the middle of its range with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said that the market may still be in the sideways to up phase. Traders would see if the bulls could create sustained follow-through buying over the next few weeks or if the market would trade slightly higher but stall around the October or July highs area instead.<\/li>\n\n\n\n
- The market traded higher testing the July high and near the April high, but the candlestick closed with a long tail above which indicates some selling activity.<\/li>\n\n\n\n
- The bulls got a follow-through bull bar following the breakout above the triangle.<\/li>\n\n\n\n
- They got a measured move based on the height of the tight trading range which took them to the July high area.<\/li>\n\n\n\n
- Next, they want a retest of the April and September highs.<\/li>\n\n\n\n
- If there is a pullback, they want at least a small second leg sideways to up to retest the current leg extreme high (now Jan 15).<\/li>\n\n\n\n
- The bears want a reversal from a double top bear flag (Jul 5 and Jan 15).<\/li>\n\n\n\n
- They hope that the July or April highs will act as resistance.<\/li>\n\n\n\n
- They see the current move as a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n
- They want a retest of the middle of the trading range (around the 20-week EMA area).<\/li>\n\n\n\n
- So far, the market formed a bull leg testing the upper third of the large trading range.<\/li>\n\n\n\n
- As strong as the move is, it could still only be a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n
- For now, traders will see if the bulls can continue to create follow-through buying.<\/li>\n\n\n\n
- Or will the market stall around the July high area, followed by a pullback in the weeks ahead?<\/li>\n\n\n\n
- The market remains in a large trading range.<\/li>\n\n\n\n
- Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction with\u00a0sustained follow-through buying\/selling.<\/li>\n\n\n\n
- That means selling in the upper third and buying in the lower third of the trading range.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> crude oil chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n - Last week<\/a>, we said that the market may still be in the sideways to up phase. Traders would see if the bulls could create sustained follow-through buying over the next few weeks or if the market would trade slightly higher but stall around the October or July highs area instead.<\/li>\n\n\n\n