{"id":230206,"date":"2025-02-16T01:30:00","date_gmt":"2025-02-16T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=230206"},"modified":"2025-02-16T00:20:28","modified_gmt":"2025-02-16T08:20:28","slug":"crude-oil-bears-want-a-strong-bear-leg","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/crude-oil-bears-want-a-strong-bear-leg\/","title":{"rendered":"Crude Oil Bears Want a Strong Bear Leg"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The Crude Oil bears want a strong bear leg to retest the November low area. They need to create a follow-through bear bar following this week&#8217;s close below the 20-week EMA. The bulls need to create strong bull bars closing near their highs to show that they are back in control. They want the 20-week EMA to act as support.<\/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-Retest-Nov-Low.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-Retest-Nov-Low-680x383.jpg\" alt=\"Crude Oil Weekly - Bears Want Retest Nov Low, Crude Oil Bears Want a Strong Bear Leg\" class=\"wp-image-230400\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Retest-Nov-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Retest-Nov-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Retest-Nov-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Retest-Nov-Low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Weekly-Bears-Want-Retest-Nov-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>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 doji closing in its lower half with a long tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-bear-leg\/\" 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 (even if it forms a lower high).<\/li>\n\n\n\n<li>This week&#8217;s candlestick traded slightly lower and had a lot of overlapping range with last week\u2019s candlestick.<\/li>\n\n\n\n<li>The bears got some follow-through selling closing slightly below the 20-week EMA.<\/li>\n\n\n\n<li>The move down is in a tight bear channel which means persistent selling.<\/li>\n\n\n\n<li>The last 3 candlesticks had a lot of overlapping ranges which indicates weaker momentum.<\/li>\n\n\n\n<li>Since this week closed below the 20-week EMA, the bears need to create a follow-through bear bar to increase the odds of testing the November low area.<\/li>\n\n\n\n<li>The bulls see the current move as a deep pullback and a retest of the breakout point (top of the tight trading range).<\/li>\n\n\n\n<li>They hope to get a retest of the January 15 high, even if it forms a lower high.<\/li>\n\n\n\n<li>The market attempted to trade higher in the last two weeks (Feb 3 and Feb 11) but the follow-through buying was limited.<\/li>\n\n\n\n<li>They need to create strong bull bars closing near their highs to show that they are back in control.<\/li>\n\n\n\n<li>They want the 20-week EMA to act as support.<\/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>The overlapping ranges in the last 3 weeks indicate slightly weaker momentum.<\/li>\n\n\n\n<li>Attempts to trade higher in the last two weeks (Feb 3 and Feb 11) had limited follow-through buying which indicates the bulls are not yet as strong as they hope to be.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create more follow-through selling following this week\u2019s close below the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market continue to stall around the 20-week EMA followed by a pullback higher within the next few weeks 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\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<\/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-Want-Larger-2nd-Leg.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Want-Larger-2nd-Leg-680x383.jpg\" alt=\"Crude Oil Daily - Bears Want Larger 2nd Leg\" class=\"wp-image-230403\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Want-Larger-2nd-Leg-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Want-Larger-2nd-Leg-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Want-Larger-2nd-Leg-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Want-Larger-2nd-Leg-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/Crude-Oil-Daily-Bears-Want-Larger-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 traded higher early in the week testing the 20-day EMA. The market then traded sideways to down from midweek onwards.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-bear-leg\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bears could continue to create more follow-through selling to retest the trading range low or if the market would stall around the middle of the trading range followed by a pullback.<\/li>\n\n\n\n<li>The bears got another sideways to down leg testing the middle of the trading range.<\/li>\n\n\n\n<li>They want a retest of the bottom of the trading range from a double top bear flag (Feb 3 and Feb 11).<\/li>\n\n\n\n<li>They want a larger second leg sideways to down (with the first leg being the Jan 15 high to the Jan 27 low).<\/li>\n\n\n\n<li>If the market trades higher, they want the 20-day EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n<li>The bulls see the current move as a deep pullback testing the breakout point (the top of the tight trading range) and the middle of the trading range.<\/li>\n\n\n\n<li>They want a reversal from a wedge pattern (Jan 27, Feb 6 and Feb 13).<\/li>\n\n\n\n<li>They hope the middle of the trading range will be an area of support.<\/li>\n\n\n\n<li>They need to create consecutive bull bars closing near their highs breaking far above the bear trend line and 20-day EMA to show they are back in control.<\/li>\n\n\n\n<li>So far, the move down is in a bear channel with overlapping ranges in the last 3 weeks.<\/li>\n\n\n\n<li>While that could mean weaker selling momentum, the bulls need to do more to show that they are back in control.<\/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 November low area.<\/li>\n\n\n\n<li>Or will the market continue to stall around the middle of the trading range followed by a pullback instead?<\/li>\n\n\n\n<li>The bear leg within the trading range is currently underway. The market could still trade slightly lower.<\/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 bears want a strong bear leg to retest the November low area. They need to create a follow-through bear bar following this week&#8217;s close below the 20-week EMA. The bulls need to create strong bull bars closing near their highs to show that they are back in [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":230400,"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-230206","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-Retest-Nov-Low.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\/230206","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=230206"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/230206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/230400"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=230206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=230206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=230206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}