{"id":228467,"date":"2025-01-26T01:30:00","date_gmt":"2025-01-26T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=228467"},"modified":"2025-01-25T13:45:19","modified_gmt":"2025-01-25T21:45:19","slug":"crude-oil-pullback-on-the-weekly-chart","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/crude-oil-pullback-on-the-weekly-chart\/","title":{"rendered":"Crude Oil Pullback on the Weekly Chart"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market form a Crude Oil pullback on the weekly chart. The bears need to create follow-through selling next week to increase the odds of the bear leg beginning. The bulls see this week as a pullback and want at least a small second leg sideways to up to retest the recent leg extreme high (Jan 15).<\/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\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg\" alt=\"Crude Oil Weekly - PB, Bears Need FT, Bulls Want Retest High, Crude Oil Pullback on the Weekly Chart\" class=\"wp-image-228614\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High.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\u00a0week\u2019s\u00a0candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/commodities\/crude-oil-streaming-chart\" target=\"_blank\" rel=\"noreferrer noopener\">weekly Crude Oil chart<\/a> was a bear bar closing near its low with a small tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that the market remains in a large trading range. Traders would see if the bulls could continue to create follow-through buying or if the market would stall around the July high area, followed by a pullback in the weeks ahead.<\/li>\n\n\n\n<li>The market formed a pullback this week.<\/li>\n\n\n\n<li>The bulls got a breakout and measured move based on the height of the tight trading range which took them to the July high area.<\/li>\n\n\n\n<li>They see this week as a pullback and want at least a small second leg sideways to up to retest the recent leg extreme high (Jan 15).<\/li>\n\n\n\n<li>They hope to get a retest and a breakout above the July high.<\/li>\n\n\n\n<li>The bears want a reversal from a double top bear flag (Jul 5 and Jan 15).<\/li>\n\n\n\n<li>They hope that the July high will act as resistance.<\/li>\n\n\n\n<li>They see the recent move as a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n<li>They want a retest of the middle of the trading range (around the 20-week EMA area).<\/li>\n\n\n\n<li>They need to create follow-through selling next week to increase the odds of the bear leg beginning.<\/li>\n\n\n\n<li>So far, the market remains in a large trading range.<\/li>\n\n\n\n<li>As strong as the recent move was, it could still only be a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n<li>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<li>That means selling in the upper third and buying in the lower third of the trading range.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create a strong follow-through bear bar.<\/li>\n\n\n\n<li>Or will the market form a retest of the January 15 high in the next 1-2 weeks (even if it forms a lower high or a one-or-two bar pullback) instead?<\/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\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg-680x383.jpg\" alt=\"Crude Oil Daily - Bulls Want Retest High, Bears Want 2nd Leg\" class=\"wp-image-228617\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Daily-Bulls-Want-Retest-High-Bears-Want-2nd-Leg.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 broke out below the ii (inside-inside) pattern on Tuesday with follow-through selling testing the 20-day EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bulls could create more follow-through buying testing the April high area, or if the market would stall around the July or April highs, followed by a pullback to the 20-day EMA instead.<\/li>\n\n\n\n<li>The bulls got a strong breakout, and a measured move based on the height of the tight trading range testing the July high area.<\/li>\n\n\n\n<li>They hope to get a retest of the top of the trading range (Sep 2023).<\/li>\n\n\n\n<li>They see the current move as a pullback and want at least a small second leg sideways to up retesting the recent leg extreme high (Jan 15.<\/li>\n\n\n\n<li>They want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>The bears want the market to reverse and retest the middle of the trading range from a double top bear flag (Jul 5 and Jan 15).<\/li>\n\n\n\n<li>They want the July high to act as resistance.<\/li>\n\n\n\n<li>They see the recent rally as a buy vacuum and a bull leg within a trading range.<\/li>\n\n\n\n<li>The move down (from Jan 15) is in the form of a 7-bar bear microchannel. That means persistent selling.<\/li>\n\n\n\n<li>The bears expect at least a small second leg sideways to down to retest the current leg extreme low (now Jan 24).<\/li>\n\n\n\n<li>If the market trades higher, they want a double top (Jan 15) and a lower high major trend reversal.<\/li>\n\n\n\n<li>So far, the pullback is in the form of a 7-bar bear microchannel which means persistent selling.<\/li>\n\n\n\n<li>Traders will see if the bulls can create a retest of the January 15 high, even if it forms a lower high.<\/li>\n\n\n\n<li>Or will the bears be able to create a second leg sideways to down, closing far below the 20-day EMA instead?<\/li>\n\n\n\n<li>For now, the recent rally while strong, may still only be a buy vacuum and a bull leg within a trading range.<\/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 market form a Crude Oil pullback on the weekly chart. The bears need to create follow-through selling next week to increase the odds of the bear leg beginning. The bulls see this week as a pullback and want at least a small second leg sideways to up to retest [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":228614,"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":{"0":"post-228467","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":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/01\/Crude-Oil-Weekly-PB-Bears-Need-FT-Bulls-Want-Retest-High.jpg","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\/228467","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=228467"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/228467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/228614"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=228467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=228467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=228467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}