{"id":235007,"date":"2025-04-20T01:30:00","date_gmt":"2025-04-20T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=235007"},"modified":"2025-04-19T23:18:11","modified_gmt":"2025-04-20T06:18:11","slug":"crude-oil-bull-entry-bar","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/crude-oil-bull-entry-bar\/","title":{"rendered":"Crude Oil Bull Entry Bar"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market formed a Crude Oil bull entry bar on the weekly chart. They need to create a strong follow-through bull bar to increase the odds of the bull leg trading higher. The bears want the market to form a lower high or a double top bear flag with the April 2 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\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"Crude Oil Weekly - Bull Entry Bar, Bulls Need FT Buying, Crude Oil Bull Entry Bar\" class=\"wp-image-235166\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying.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 bull bar closing near its high with a prominent tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bulls-need-strong-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the market could trade slightly higher. Traders would see if the bulls could create a strong entry bar which would increase the odds of a retest near the 20-week EMA, or if the market would stall and close with a long tail or a bear body instead.<\/li>\n\n\n\n<li>The bulls created a bull entry bar closing above the prior week&#8217;s high.<\/li>\n\n\n\n<li>They see the recent move (April 9) as a large 2-legged sell vacuum and a bear leg within the trading range.<\/li>\n\n\n\n<li>They see the selloff as climactic and want the bull leg to begin.<\/li>\n\n\n\n<li>They hope to get a pullback lasting a few weeks and a retest of the middle of the trading range (around the 20-week EMA).<\/li>\n\n\n\n<li>They need to create a strong follow-through bull bar to increase the odds of the bull leg trading higher.<\/li>\n\n\n\n<li>They hope that the bottom of the trading range will act as support.<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg testing the bottom of the trading range (May 4, 2023).<\/li>\n\n\n\n<li>They see the current move as a pullback.<\/li>\n\n\n\n<li>They want the market to form a lower high or a double top bear flag with the April 2 high.<\/li>\n\n\n\n<li>They want the 20-week EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n<li>They hope to get a retest of the April 9 low after the pullback.<\/li>\n\n\n\n<li>While the recent move down was strong, it was also slightly climactic.<\/li>\n\n\n\n<li>Crude oil is currently trading around the lower third of the trading range which is the buy zone of trading range traders.<\/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\n\n\n<li>For now, the market could still be in the sideways to up pullback phase.<\/li>\n\n\n\n<li>Traders will see if the bulls can create a follow-through bull bar. That would increase the odds of a retest near the 20-week EMA.<\/li>\n\n\n\n<li>Or will the move lack follow-through buying and the candlestick close with a long tail above or a bear body 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\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-Low.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-Low-680x383.jpg\" alt=\"Crude Oil Daily - Bulls Want Bull Leg; Bears Want Retest Low\" class=\"wp-image-235169\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-Low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/Crude-Oil-Daily-Bulls-Want-Bull-Leg-Bears-Want-Retest-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 traded sideways early in the week. Wednesday traded lower but reversed into an outside bull bar. Thursday was a follow-through bull bar testing the 20-day EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bulls-need-strong-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the market could still be in the sideways to up pullback phase. Traders would see if the bulls could create sustained follow-through buying trading far above the 20-day EMA, or if the pullback would lack sustained follow-through buying.<\/li>\n\n\n\n<li>The bulls see the move to the April 9 low as a large 2-legged bear leg and a sell vacuum within the trading range.<\/li>\n\n\n\n<li>They want a reversal from a climactic selloff and the bull leg to begin.<\/li>\n\n\n\n<li>At the least, they want a TBTL (Ten Bars, Two Legs) pullback lasting a couple of weeks, testing near the middle of the trading range.<\/li>\n\n\n\n<li>They need to create strong consecutive bull bars closing near their highs trading far above the 20-day EMA to show they are back in control.<\/li>\n\n\n\n<li>The bears got a large 2-legged bear leg and a sell vacuum within the trading range.<\/li>\n\n\n\n<li>While the move down was strong, it was also slightly climactic.<\/li>\n\n\n\n<li>They see the current move as a two-legged pullback (Apr 10 and Apr 17). They want it to be weak and sideways (overlapping candlesticks, doji(s), bear bars, and long tails above candlesticks).<\/li>\n\n\n\n<li>They want the 20-day EMA or the bear trend line to act as resistance.<\/li>\n\n\n\n<li>They want a large double top bear flag with the April 2 high.<\/li>\n\n\n\n<li>They hope to get at least a small sideways to down leg to retest the recent leg extreme low (Apr 9) after the pullback, even if it only forms a higher low.<\/li>\n\n\n\n<li>So far, the market has formed a two-legged sideways to up pullback testing the 20-day EMA.<\/li>\n\n\n\n<li>While the recent selloff was strong, it could still be a sell vacuum and a bear leg within the trading range.<\/li>\n\n\n\n<li>The market remains in a large trading range. Traders will BLSH (Buy Low, Sell High) within the trading range.<\/li>\n\n\n\n<li>That means buying in the lower third and selling in the upper third of the trading range.<\/li>\n\n\n\n<li>For now, the market could still be in the sideways to up pullback phase.<\/li>\n\n\n\n<li>Traders will see if the bulls can create sustained follow-through buying trading far above the 20-day EMA.<\/li>\n\n\n\n<li>Or will the market stall around the 20-day EMA area and form a retest of the April 9 low instead?<\/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 Crude Oil bull entry bar on the weekly chart. They need to create a strong follow-through bull bar to increase the odds of the bull leg trading higher. The bears want the market to form a lower high or a double top bear flag with the [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":235166,"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-235007","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\/04\/Crude-Oil-Weekly-Bull-Entry-Bar-Bulls-Need-FT-Buying.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\/235007","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=235007"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/235007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/235166"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=235007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=235007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=235007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}