{"id":229503,"date":"2025-02-09T01:30:00","date_gmt":"2025-02-09T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=229503"},"modified":"2025-02-08T23:19:00","modified_gmt":"2025-02-09T07:19:00","slug":"weekly-crude-oil-bear-leg","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-crude-oil-bear-leg\/","title":{"rendered":"Weekly Crude Oil Bear Leg"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market formed a weekly Crude Oil bear leg testing the middle of the trading range. The bears want a strong bear leg to retest the bottom of the trading range. The bulls want a small sideways to up leg to retest the recent leg extreme high (Jan 15), even if it forms a lower high.<\/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\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg-680x383.jpg\" alt=\"Crude Oil Weekly - Bears Want Strong Bear Leg, Weekly Crude Oil Bear Leg\" class=\"wp-image-229694\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-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>This&nbsp;week\u2019s&nbsp;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> was an outside bear bar closing in its lower half with a small tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-crude-oil-lower-high-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bears could create more follow-through selling trading below the 20-week EMA, or if the market would stall around the 20-week EMA followed by a retest of the January 15 high in the next few weeks instead.<\/li>\n\n\n\n<li>The market opened and traded higher early in the week but lacked follow-through buying. Crude oil reversed to test the 20-week EMA.<\/li>\n\n\n\n<li>The bears got another follow-through bear bar testing the 20-week EMA, forming the second leg sideways to down (the first leg being Jan 31).<\/li>\n\n\n\n<li>They got a retest of the middle of the trading range (around the 20-week EMA area).<\/li>\n\n\n\n<li>They want a strong bear leg to retest the bottom of the trading range.<\/li>\n\n\n\n<li>The bulls see the last three weeks as a deep pullback.<\/li>\n\n\n\n<li>They hope to get a retest and a breakout above the January 15 high.<\/li>\n\n\n\n<li>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<li>They want the 20-week EMA to act as support.<\/li>\n\n\n\n<li>Since this week\u2019s candlestick is an outside bear bar closing in its lower half, it is a sell signal bar for next week.<\/li>\n\n\n\n<li>The market may still trade slightly lower.<\/li>\n\n\n\n<li>The market is currently trading around the middle of the large trading range which is an area of balance and a magnet.<\/li>\n\n\n\n<li>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<li>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\n\n\n<li>The market remains in a large trading range.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction with&nbsp;sustained 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<\/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\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low-680x383.jpg\" alt=\"Crude Oil Daily - Bears Got 2nd Leg; Want Test TR Low\" class=\"wp-image-229697\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Got-2nd-Leg-Want-Test-TR-Low.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 gapped up on Monday and traded higher but had poor follow-through buying. The market than traded sideways to down for the rest of the week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-breakout-from-tight-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said that traders would see if the bulls could create a retest of the January 15 high or if the bears would be able to create a second leg sideways to down, closing far below the 20-day EMA instead.<\/li>\n\n\n\n<li>The bears got the second leg sideways to down this week.<\/li>\n\n\n\n<li>They got a reversal testing 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 bear leg to retest the bottom of the trading range.<\/li>\n\n\n\n<li>If the market trades higher, they want a double top bear flag with the February 3 high.<\/li>\n\n\n\n<li>They want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>Previously, the bulls got a strong bull leg testing the July high area.<\/li>\n\n\n\n<li>They see the current move as a deep pullback testing the breakout point (the top of the tight trading range).<\/li>\n\n\n\n<li>They want at least a retest of the recent leg extreme high (Jan 15), even if it only forms a lower high.<\/li>\n\n\n\n<li>They need to create consecutive bull bars closing near their highs to show that they are back in control.<\/li>\n\n\n\n<li>So far, the move down is in a tight bear channel which means persistent selling.<\/li>\n\n\n\n<li>The bear leg within the trading range is currently underway.<\/li>\n\n\n\n<li>The market may still trade slightly lower.<\/li>\n\n\n\n<li>Crude Oil is currently trading around the middle of the trading range which is an area of balance and a magnet.<\/li>\n\n\n\n<li>For now, traders will see if the bears can continue to create more follow-through selling to retest the trading range low.<\/li>\n\n\n\n<li>Or will the market stall around the middle of the trading range followed by a pullback to retest the January 15 high, even if it forms a lower high?<\/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 formed a weekly Crude Oil bear leg testing the middle of the trading range. The bears want a strong bear leg to retest the bottom of the trading range. The bulls want a small sideways to up leg to retest the recent leg extreme high (Jan 15), even [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":229694,"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-229503","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\/02\/Crude-Oil-Weekly-Bears-Want-Strong-Bear-Leg.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\/229503","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=229503"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/229503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/229694"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=229503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=229503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=229503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}