The Monthly<\/em> crude oil chart<\/h3>\n\n\n\n![\"Crude](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Monthly-Retest-Jan-High-or-DT-Bear-Flag-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The January monthly Crude Oil candlestick was a bull bar closing in its lower half with a long tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said the market may still trade sideways to up (perhaps in the first half of the month). Traders would see if the bulls could create a follow-through bull bar or if the market would trade higher but close the monthly candlestick with a long tail above or a bear body instead (failed breakout from ii pattern).<\/li>\n\n\n\n
- The market traded higher in the first half of the month followed by sideways to down from mid-month onwards.<\/li>\n\n\n\n
- The bears want the market to form another lower high and a failed breakout from the triangle pattern.<\/li>\n\n\n\n
- They want a reversal from a double top bear flag (Apr 12 and Jan 15).<\/li>\n\n\n\n
- If the market trades higher, they want the July or April highs to act as resistance.<\/li>\n\n\n\n
- The bulls\u00a0got 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).<\/li>\n\n\n\n
- They got a breakout above the ii (inside inside) pattern and a measured move (based on the height of the ii pattern) which took them to the July high area.<\/li>\n\n\n\n
- The candlestick had a long tail above which indicates that the bulls are not yet as strong as they hope to be.<\/li>\n\n\n\n
- They need to create follow-through buying to increase the odds of retesting the trading range high (Sept 28).<\/li>\n\n\n\n
- At the very least, they hope to get a retest of the July 15 high, even if it forms a lower high.<\/li>\n\n\n\n
- So far, the market remains in a trading range.<\/li>\n\n\n\n
- Traders will see if the bulls can create a retest of the July 15 high.<\/li>\n\n\n\n
- Or will the market trade back into the triangle pattern instead, testing the 20-month EMA?<\/li>\n\n\n\n
- The middle of the large trading range (around the 20-month EMA) is an area of balance and a magnet.<\/li>\n\n\n\n
- Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction with sustained follow-through buying\/selling.<\/li>\n\n\n\n
- That means buying in the lower third and selling in the upper third of the trading range.<\/li>\n\n\n\n
- Poor follow-through and reversals are the hallmarks of a trading range.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> crude oil chart<\/h3>\n\n\n\n![\"Crude](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Bear-Leg-Bulls-Want-2nd-Leg-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 a follow-through bear bar closing in its lower half with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said that traders would see if the bears could create a strong follow-through bear bar or if the market would 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 retest) instead.<\/li>\n\n\n\n
- The bears got a follow-through bear bar testing near the 20-week EMA.<\/li>\n\n\n\n
- They got a reversal from a double top bear flag (Jul 5 and Jan 15).<\/li>\n\n\n\n
- They see the recent 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) followed by a retest of the bottom of the triangle.<\/li>\n\n\n\n
- If the market trades higher, they want a reversal from a lower high major trend reversal. They want the July high to act as resistance.<\/li>\n\n\n\n
- The bulls see the last two weeks as a pullback.<\/li>\n\n\n\n
- They hope to get a retest and a breakout above the July high.<\/li>\n\n\n\n
- At the very least, they want a small sideways to up leg to retest the recent leg extreme high (Jan 15), even if it forms a lower high.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-week EMA to act as support.<\/li>\n\n\n\n
- So far, the market remains in a large trading range.<\/li>\n\n\n\n
- The recent move could still only be a buy vacuum and a bull leg within a 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\n\n\n
- The middle of the large trading range is an area of balance and a magnet.<\/li>\n\n\n\n
- For now, traders will see if the bears can create more follow-through selling trading below the 20-week EMA.<\/li>\n\n\n\n
- Or will the market stall around the 20-week EMA followed by a retest of the January 15 high in the next few weeks (even if it forms a lower high) instead?<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
![\"Crude](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Monthly-Retest-Jan-High-or-DT-Bear-Flag.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The January monthly Crude Oil candlestick was a bull bar closing in its lower half with a long tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said the market may still trade sideways to up (perhaps in the first half of the month). Traders would see if the bulls could create a follow-through bull bar or if the market would trade higher but close the monthly candlestick with a long tail above or a bear body instead (failed breakout from ii pattern).<\/li>\n\n\n\n
- The market traded higher in the first half of the month followed by sideways to down from mid-month onwards.<\/li>\n\n\n\n
- The bears want the market to form another lower high and a failed breakout from the triangle pattern.<\/li>\n\n\n\n
- They want a reversal from a double top bear flag (Apr 12 and Jan 15).<\/li>\n\n\n\n
- If the market trades higher, they want the July or April highs to act as resistance.<\/li>\n\n\n\n
- The bulls\u00a0got 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).<\/li>\n\n\n\n
- They got a breakout above the ii (inside inside) pattern and a measured move (based on the height of the ii pattern) which took them to the July high area.<\/li>\n\n\n\n
- The candlestick had a long tail above which indicates that the bulls are not yet as strong as they hope to be.<\/li>\n\n\n\n
- They need to create follow-through buying to increase the odds of retesting the trading range high (Sept 28).<\/li>\n\n\n\n
- At the very least, they hope to get a retest of the July 15 high, even if it forms a lower high.<\/li>\n\n\n\n
- So far, the market remains in a trading range.<\/li>\n\n\n\n
- Traders will see if the bulls can create a retest of the July 15 high.<\/li>\n\n\n\n
- Or will the market trade back into the triangle pattern instead, testing the 20-month EMA?<\/li>\n\n\n\n
- The middle of the large trading range (around the 20-month EMA) is an area of balance and a magnet.<\/li>\n\n\n\n
- Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction with sustained follow-through buying\/selling.<\/li>\n\n\n\n
- That means buying in the lower third and selling in the upper third of the trading range.<\/li>\n\n\n\n
- Poor follow-through and reversals are the hallmarks of a trading range.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> crude oil chart<\/h3>\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 a follow-through bear bar closing in its lower half with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said that traders would see if the bears could create a strong follow-through bear bar or if the market would 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 retest) instead.<\/li>\n\n\n\n
- The bears got a follow-through bear bar testing near the 20-week EMA.<\/li>\n\n\n\n
- They got a reversal from a double top bear flag (Jul 5 and Jan 15).<\/li>\n\n\n\n
- They see the recent 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) followed by a retest of the bottom of the triangle.<\/li>\n\n\n\n
- If the market trades higher, they want a reversal from a lower high major trend reversal. They want the July high to act as resistance.<\/li>\n\n\n\n
- The bulls see the last two weeks as a pullback.<\/li>\n\n\n\n
- They hope to get a retest and a breakout above the July high.<\/li>\n\n\n\n
- At the very least, they want a small sideways to up leg to retest the recent leg extreme high (Jan 15), even if it forms a lower high.<\/li>\n\n\n\n
- If the market trades lower, they want the 20-week EMA to act as support.<\/li>\n\n\n\n
- So far, the market remains in a large trading range.<\/li>\n\n\n\n
- The recent move could still only be a buy vacuum and a bull leg within a 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\n\n\n
- The middle of the large trading range is an area of balance and a magnet.<\/li>\n\n\n\n
- For now, traders will see if the bears can create more follow-through selling trading below the 20-week EMA.<\/li>\n\n\n\n
- Or will the market stall around the 20-week EMA followed by a retest of the January 15 high in the next few weeks (even if it forms a lower high) instead?<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said that traders would see if the bears could create a strong follow-through bear bar or if the market would 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 retest) instead.<\/li>\n\n\n\n