{"id":240152,"date":"2025-06-08T01:30:00","date_gmt":"2025-06-08T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=240152"},"modified":"2025-06-08T01:20:17","modified_gmt":"2025-06-08T08:20:17","slug":"weekly-crude-oil-bulls-need-follow-through-buying","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-crude-oil-bulls-need-follow-through-buying\/","title":{"rendered":"Weekly Crude Oil Bulls Need Follow-through Buying"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The weekly Crude Oil bulls need follow-through buying trading above the April 23 high and the 20-week EMA. The bears see the current move as a pullback and want a reversal from a double top bear flag (Apr 23 and Jun 6) or a wedge bear flag (Apr 23, May 21, and Jun 6).<\/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\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-680x383.jpg\" alt=\"Crude Oil Weekly - Bulls Need Follow-through Buying, Weekly Crude Oil Bulls Need Follow-through Buying\" class=\"wp-image-240375\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-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 big bull bar closing near its high and above the 20-week EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/no-follow-through-selling-on-crude-oil-monthly-chart\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create a follow-through bar, or if the market would continue to trade sideways (disappointing for the bears), increasing the odds of a retest above the April 23 high.<\/li>\n\n\n\n<li>The market formed a second leg sideways to up closing slightly above the April 23 high.<\/li>\n\n\n\n<li>The bulls saw the prior selloff as a sell vacuum and a bear leg within the trading range.<\/li>\n\n\n\n<li>They want a reversal from a wedge pattern (Mar 5, Apr 9, and Mar 5) and a higher low major trend reversal (May 5).<\/li>\n\n\n\n<li>They hope to get a retest of the middle of the trading range (around the $67 area).<\/li>\n\n\n\n<li>They see the prior 3 weeks simply as a pullback and want a second leg sideways to up. The move may be underway.<\/li>\n\n\n\n<li>Since this week closed above the 20-week EMA and the April 23 high, the bulls need to create a follow-through bull bar to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>The bears got a 3-legged bear leg (Mar 5, Apr 9, and Mar 5) testing the bottom of the trading range.<\/li>\n\n\n\n<li>They see the current move as a pullback and want a reversal from a double top bear flag (Apr 23 and Jun 6) or a wedge bear flag (Apr 23, May 21, and Jun 6).<\/li>\n\n\n\n<li>They want the April 23 high or the 20-week EMA to act as resistance.<\/li>\n\n\n\n<li>They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n<li>While the prior selloff was strong (Apr 9, May 5), it could still be a sell vacuum and a bear leg testing the bottom of the trading range.<\/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>The middle of the trading range can be a magnet.<\/li>\n\n\n\n<li>For now, the market could still trade slightly higher.<\/li>\n\n\n\n<li>Traders will see if the bulls can create a strong follow-through bar above the 20-week EMA. If yes, the odds of retesting the middle of the trading range will increase.<\/li>\n\n\n\n<li>Or will the market trade slightly higher but close with a long tail or a bear body and trade below the 20-week EMA instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals are hallmarks of trading ranges.<\/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\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-Buying-680x383.jpg\" alt=\"Crude Oil Daily - Bulls Need Follow-through Buying\" class=\"wp-image-240378\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/Crude-Oil-Daily-Bulls-Need-Follow-through-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>The market traded higher on Monday followed by sideways trading. Friday formed a breakout above the midweek small trading range.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-crude-oil-double-top-bear-flag\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said traders would see if the bears could create follow-through selling to retest the May 5 low or if the bulls could create a breakout above the April 23 high instead.<\/li>\n\n\n\n<li>The recent follow-through selling has been limited, holding around the 20-day EMA. The bulls got a breakout above the April 23 high this week.<\/li>\n\n\n\n<li>The bulls want a reversal from a wedge pattern (Mar 5, Apr 9, and May 5) and a higher low major trend reversal (May 5).<\/li>\n\n\n\n<li>They see the market forming a wedge bull flag (May 15, May 23 and May 30) and want another strong leg up.<\/li>\n\n\n\n<li>They want a retest of the middle of the trading range and the bull leg to begin.<\/li>\n\n\n\n<li>They must create a strong breakout above the April 23 high with follow-through buying to increase the odds of higher prices.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>The bears see the current move as a pullback and want a reversal from a wedge bear flag (Apr 23, May 21, and Jun 6).<\/li>\n\n\n\n<li>They want the April 23 high area and the bear trend line to act as resistance.<\/li>\n\n\n\n<li>They must create strong bear bars trading below the 20-day EMA to show they are back in control.<\/li>\n\n\n\n<li>For now, the market could still trade slightly higher.<\/li>\n\n\n\n<li>Traders will see if the bulls can create strong follow-through buying above the April 23 high. If yes, the odds of retesting the $67-70 area will increase.<\/li>\n\n\n\n<li>Or will the bears be able to create a pullback below the 20-day EMA instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals are hallmarks of trading ranges.<\/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 weekly Crude Oil bulls need follow-through buying trading above the April 23 high and the 20-week EMA. The bears see the current move as a pullback and want a reversal from a double top bear flag (Apr 23 and Jun 6) or a wedge bear flag (Apr 23, May [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":240375,"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-240152","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\/06\/Crude-Oil-Weekly-Bulls-Need-Follow-through-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\/240152","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=240152"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/240152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/240375"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=240152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=240152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=240152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}