{"id":246260,"date":"2025-08-03T01:30:00","date_gmt":"2025-08-03T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=246260"},"modified":"2025-08-03T02:18:03","modified_gmt":"2025-08-03T09:18:03","slug":"monthly-crude-oil-bull-leg","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/monthly-crude-oil-bull-leg\/","title":{"rendered":"Monthly Crude Oil Bull Leg"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market formed a monthly Crude oil bull leg. The bulls want a retest of the bull leg extreme high (Jun 23), even if it only forms a lower high. The bears need to create strong bear bars closing below the 20-month EMA to show they are back in control.<\/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>Monthly<\/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\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR-680x383.jpg\" alt=\"Crude Oil Monthly - 4-Bar Bull MC, Bull Leg, Near Middle of TR, Monthly Crude Oil Bull Leg\" class=\"wp-image-246489\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Monthly-4-Bar-Bull-MC-Bull-Leg-Near-Middle-of-TR.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 July monthly Crude Oil candlestick was an inside bull bar closing near its high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-crude-oil-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said traders would see if the bulls could create a retest of the June 23 high, or if the bears would be able to develop a retest of the April 9 low instead.<\/li>\n\n\n\n<li>The bears see the move in June as a bull leg and a buy vacuum test of the trading range high.<\/li>\n\n\n\n<li>They want the market to form a lower high (Jul 30), followed by a bear leg to retest the trading range low (Apr 9 low).<\/li>\n\n\n\n<li>They need to create strong bear bars closing below the 20-month EMA to show they are back in control.<\/li>\n\n\n\n<li>The bulls\u00a0got a bull leg and a buy vacuum testing the top of the trading range in June.<\/li>\n\n\n\n<li>They want a retest of the bull leg extreme high (Jun 23), even if it only forms a lower high.<\/li>\n\n\n\n<li>The move up is in a 4-bar bull microchannel, indicating persistent buying. There could be buyers below the first pullback.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-month EMA to act as support.<\/li>\n\n\n\n<li>The market remains in a trading range.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) when in a trading range until a breakout with sustained follow-through buying\/selling.<\/li>\n\n\n\n<li>That means buying in the lower third or selling in the upper third of the trading range.<\/li>\n\n\n\n<li>The market is currently trading slightly above the middle of the trading range.<\/li>\n\n\n\n<li>The middle of the trading range is an area of balance and a magnet.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying to retest the June 23 high.<\/li>\n\n\n\n<li>Or will the market form a pullback to retest the middle of the trading range (20-month 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>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\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR-680x383.jpg\" alt=\"Crude Oil Weekly - Double Top Bear Flag, Middle of TR\" class=\"wp-image-246492\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR.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 candlestick 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 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-bears-need-follow-through\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create follow-through selling trading below the 20-week EMA, or if the market would continue to trade sideways to up instead.<\/li>\n\n\n\n<li>The market traded higher, but there was no sustained follow-through buying. Crude oil continues to trade sideways above the 20-week EMA.<\/li>\n\n\n\n<li>Previously, the bulls got a bull leg and a buy vacuum to retest the top of the trading range.<\/li>\n\n\n\n<li>The market then formed a deep pullback to the middle of the trading range.<\/li>\n\n\n\n<li>They want the 20-week EMA to act as support, followed by a retest of the June 23 high, even if it only forms a lower high (Jul 30).<\/li>\n\n\n\n<li>The bulls must create more bull bars to increase the odds of a retest of the trading range high.<\/li>\n\n\n\n<li>The bears see the rally (Jun 23) as a bull leg and a buy vacuum within the trading range.<\/li>\n\n\n\n<li>They want the bear leg to retest the bottom of the trading range (Apr 9).<\/li>\n\n\n\n<li>They see the recent sideways trading range forming a double top bear flag (Jul 14 and Jul 30).<\/li>\n\n\n\n<li>They want a second leg sideways to down to retest the June 24 low.<\/li>\n\n\n\n<li>They must create strong bear bars trading below the 20-week EMA to increase the odds of the bear leg testing the trading range low.<\/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 of the trading range with 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\n\n\n<li>The market is currently trading slightly above the middle of the trading range.<\/li>\n\n\n\n<li>The middle of the trading range is a magnet and an area of balance.<\/li>\n\n\n\n<li>So far, the market continues to hold above the 20-week EMA. The bears need to do more to show they are in control.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying.<\/li>\n\n\n\n<li>Or will the bears be able to create bear bars trading 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<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 monthly Crude oil bull leg. The bulls want a retest of the bull leg extreme high (Jun 23), even if it only forms a lower high. The bears need to create strong bear bars closing below the 20-month EMA to show they are back in control. [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":246492,"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-246260","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\/08\/Crude-Oil-Weekly-Double-Top-Bear-Flag-Middle-of-TR.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\/246260","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=246260"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/246260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/246492"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=246260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=246260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=246260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}