The Monthly<\/em> crude oil chart<\/h3>\n\n\n\n![\"Crude](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/Crude-Oil-Monthly-Middle-of-Trading-Range-Bears-Need-FT-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The February monthly Crude Oil candlestick was a bear bar with a small tail below.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bulls could create a retest of the Jan 15 high, or if the market would trade back into the triangle pattern, testing the 20-month EMA instead.<\/li>\n\n\n\n
- The bears want the market to form another lower high and a failed breakout from above the triangle pattern.<\/li>\n\n\n\n
- They want a reversal from a double top bear flag (Apr 12 and Jan 15) followed by a retest and breakout below the bottom of the triangle.<\/li>\n\n\n\n
- They need to create follow-through selling trading below the 20-month EMA to increase the odds of testing the trading range low.<\/li>\n\n\n\n
- The bulls\u00a0hope to get a retest of the January 15 high, even if it forms a lower high.<\/li>\n\n\n\n
- They see the current move as a pullback and want the 20-month EMA to act as support.<\/li>\n\n\n\n
- They need to create strong bull bars with follow-through buying to increase the odds of testing the trading range high.<\/li>\n\n\n\n
- So far, the market is trading around the middle of the large trading range (around the 20-month EMA) which is an area of balance and a magnet.<\/li>\n\n\n\n
- The candlesticks have overlapping ranges, poor follow-through and frequent reversals which further indicates trading range price action.<\/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
- For now, traders will see if the bears can create follow-through selling trading below the 20-month EMA.<\/li>\n\n\n\n
- Or will the market stall around the 20-month EMA followed by a retest of the January 15 high instead?<\/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\/03\/Crude-Oil-Weekly-Weak-Bear-Channel-Consecutive-Doji-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 doji bar closing around the middle of its range.<\/li>\n\n\n\n
- Last week<\/a>, we said because of the repeated failure to trade higher in the prior 3 weeks (forming lower highs), the market could attempt to break lower.<\/li>\n\n\n\n
- The bears got another leg sideways to down trading below the February 18 low this week.<\/li>\n\n\n\n
- However, the candlestick was a doji bar which means the bears are not yet as strong as they hoped to be.<\/li>\n\n\n\n
- They want another strong leg down to test the November 18 low area from a wedge bear flag (Feb 3, Feb 11, and Feb 20).<\/li>\n\n\n\n
- So far, the move down is in a bear channel albeit weak (many overlapping ranges and consecutive doji bars).<\/li>\n\n\n\n
- The bears must continue to create follow-through selling to increase the odds of testing the November 18 low area.<\/li>\n\n\n\n
- If the market trades higher, they want the 20-week EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n
- The bulls see the current move as a two-legged deep pullback.<\/li>\n\n\n\n
- They hope to get a retest of the January 15 high, even if it forms a lower high.<\/li>\n\n\n\n
- They need to create strong bull bars closing near their highs to show that they are back in control.<\/li>\n\n\n\n
- They want the 20-week EMA and the middle of the trading range area to act as support.<\/li>\n\n\n\n
- 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
- The recent candlesticks have overlapping ranges and formed consecutive bear doji(s). That is a sign of a weaker bear channel<\/li>\n\n\n\n
- For now, traders will see if the bears can continue to create follow-through selling trading below the 20-week EMA.<\/li>\n\n\n\n
- Or will the market reverse back above the 20-week EMA and trade higher within the next few weeks instead?<\/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\n\n\n
- Poor follow-through and frequent reversals are hallmarks of a trading range price action.<\/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\/03\/Crude-Oil-Monthly-Middle-of-Trading-Range-Bears-Need-FT.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The February monthly Crude Oil candlestick was a bear bar with a small tail below.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bulls could create a retest of the Jan 15 high, or if the market would trade back into the triangle pattern, testing the 20-month EMA instead.<\/li>\n\n\n\n
- The bears want the market to form another lower high and a failed breakout from above the triangle pattern.<\/li>\n\n\n\n
- They want a reversal from a double top bear flag (Apr 12 and Jan 15) followed by a retest and breakout below the bottom of the triangle.<\/li>\n\n\n\n
- They need to create follow-through selling trading below the 20-month EMA to increase the odds of testing the trading range low.<\/li>\n\n\n\n
- The bulls\u00a0hope to get a retest of the January 15 high, even if it forms a lower high.<\/li>\n\n\n\n
- They see the current move as a pullback and want the 20-month EMA to act as support.<\/li>\n\n\n\n
- They need to create strong bull bars with follow-through buying to increase the odds of testing the trading range high.<\/li>\n\n\n\n
- So far, the market is trading around the middle of the large trading range (around the 20-month EMA) which is an area of balance and a magnet.<\/li>\n\n\n\n
- The candlesticks have overlapping ranges, poor follow-through and frequent reversals which further indicates trading range price action.<\/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
- For now, traders will see if the bears can create follow-through selling trading below the 20-month EMA.<\/li>\n\n\n\n
- Or will the market stall around the 20-month EMA followed by a retest of the January 15 high instead?<\/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 doji bar closing around the middle of its range.<\/li>\n\n\n\n
- Last week<\/a>, we said because of the repeated failure to trade higher in the prior 3 weeks (forming lower highs), the market could attempt to break lower.<\/li>\n\n\n\n
- The bears got another leg sideways to down trading below the February 18 low this week.<\/li>\n\n\n\n
- However, the candlestick was a doji bar which means the bears are not yet as strong as they hoped to be.<\/li>\n\n\n\n
- They want another strong leg down to test the November 18 low area from a wedge bear flag (Feb 3, Feb 11, and Feb 20).<\/li>\n\n\n\n
- So far, the move down is in a bear channel albeit weak (many overlapping ranges and consecutive doji bars).<\/li>\n\n\n\n
- The bears must continue to create follow-through selling to increase the odds of testing the November 18 low area.<\/li>\n\n\n\n
- If the market trades higher, they want the 20-week EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n
- The bulls see the current move as a two-legged deep pullback.<\/li>\n\n\n\n
- They hope to get a retest of the January 15 high, even if it forms a lower high.<\/li>\n\n\n\n
- They need to create strong bull bars closing near their highs to show that they are back in control.<\/li>\n\n\n\n
- They want the 20-week EMA and the middle of the trading range area to act as support.<\/li>\n\n\n\n
- 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
- The recent candlesticks have overlapping ranges and formed consecutive bear doji(s). That is a sign of a weaker bear channel<\/li>\n\n\n\n
- For now, traders will see if the bears can continue to create follow-through selling trading below the 20-week EMA.<\/li>\n\n\n\n
- Or will the market reverse back above the 20-week EMA and trade higher within the next few weeks instead?<\/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\n\n\n
- Poor follow-through and frequent reversals are hallmarks of a trading range price action.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said because of the repeated failure to trade higher in the prior 3 weeks (forming lower highs), the market could attempt to break lower.<\/li>\n\n\n\n