{"id":255065,"date":"2025-11-16T01:30:00","date_gmt":"2025-11-16T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=255065"},"modified":"2025-11-16T00:12:09","modified_gmt":"2025-11-16T08:12:09","slug":"crude-oil-wedge-bull-flag-pullback","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/crude-oil-wedge-bull-flag-pullback\/","title":{"rendered":"Crude Oil Wedge Bull Flag Pullback"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>The market formed a <strong>Crude oil<\/strong> wedge bull flag pullback. Bulls see the current move as a retest of the October low and want a reversal from a higher-low major trend reversal and a wedge bull flag (Oct 30, Nov 6, Nov 13). If the market trades higher, bears want the 20-week EMA or the October 24 high to act as resistance.<\/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\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up-680x383.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up-680x383.jpg\" alt=\"Crude Oil Weekly - Wedge Bull Flag, Bulls Want 2nd Leg Up, Crude Oil Wedge Bull Flag Pullback\" class=\"wp-image-255179\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up.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 week\u2019s candlestick on the Crude Oil weekly chart was a bull doji closing slightly above the middle of its range, with prominent tails.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bulls-want-a-second-leg-up\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bears could create a strong retest of the October low, or if the market would reverse to retest the 20-week EMA and the October 24 high instead.<\/li>\n\n\n\n<li>The market traded higher to test the 20-week EMA early in the week but reversed lower on Wednesday. There was no follow-through selling, and the market reversed off its low on Friday.<\/li>\n\n\n\n<li>Bulls see the recent selloff (Oct 20) as a large two-legged bear leg within the trading range (first leg: Jun 23\u2013Aug 13).<\/li>\n\n\n\n<li>They see the current move as a retest of the October low and want a reversal from a higher-low major trend reversal and a wedge bull flag (Oct 30, Nov 6, Nov 13).<\/li>\n\n\n\n<li>They need strong consecutive bull bars closing far above the 20-week EMA and the bear trend line to increase the odds of testing the trading range high.<\/li>\n\n\n\n<li>Bears see the recent move (Oct 24) as a pullback and want the 20-week EMA and the bear trend line to act as resistance.<\/li>\n\n\n\n<li>They view the recent rally as forming a large wedge bear flag (Jul 30, Sep 26, Oct 24).<\/li>\n\n\n\n<li>They want a second leg sideways to down to retest the October 20 low, even if it only forms a higher low. That move is currently underway.<\/li>\n\n\n\n<li>If the market trades higher, bears want the 20-week EMA or the October 24 high to act as resistance.<\/li>\n\n\n\n<li>Crude Oil remains in a large trading range.<\/li>\n\n\n\n<li>Traders will likely continue to BLSH (Buy Low, Sell High) within the range \u2014 buying near the lower third and selling near the upper third \u2014 until a clear breakout with sustained follow-through appears.<\/li>\n\n\n\n<li>Currently, the market is trading near the middle of the range, an area of balance and a magnet.<\/li>\n\n\n\n<li>The last 3 weeks formed a weak retest of the October low (overlapping ranges, prominent tails below), indicating the bears are not yet strong.<\/li>\n\n\n\n<li>Traders will watch whether bears can create more follow-through selling to retest the October low.<\/li>\n\n\n\n<li>Or will the market reverse to close back above the 20-week EMA instead?<\/li>\n\n\n\n<li>Poor follow-through and frequent reversals are hallmarks of a 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\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-Bulls-Need-FT-Buying.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"Crude Oil Daily - Wedge Bull Flag, Bulls Need FT Buying\" class=\"wp-image-255180\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/Crude-Oil-Daily-Wedge-Bull-Flag-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>The market traded higher early in the week but reversed below the 20-day EMA on Wednesday. Friday traded higher to retest the 20-day EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-bulls-want-a-second-leg-up\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch if bears could create more follow-through selling below the 20-day EMA, or if bulls would instead create a retest above the October 24 high with follow-through buying.<\/li>\n\n\n\n<li>Previously, bulls created a reversal from a large wedge bull flag (Jun 24, Aug 13, Oct 20).<\/li>\n\n\n\n<li>They see the current move as a pullback forming a smaller wedge bull flag (Oct 30, Nov 6, Nov 13) and want the market to form a higher low relative to Oct 20.<\/li>\n\n\n\n<li>They want a second leg sideways to up, followed by a strong bull leg to retest the top of the trading range.<\/li>\n\n\n\n<li>Bulls need strong consecutive bull bars trading above the 20-day EMA and the bear trendline to show they are regaining control.<\/li>\n\n\n\n<li>Bears see the recent move (Oct 24) as a pullback and want a reversal from a large wedge bear flag (Jul 30, Sep 26, Oct 24).<\/li>\n\n\n\n<li>They want a retest of the recent low (Oct 20), even if it only forms a higher low \u2014 which is currently the case.<\/li>\n\n\n\n<li>They want the bear trendline and the 20-day EMA to act as resistance.<\/li>\n\n\n\n<li>If the market trades higher, bears want the October 24 high to act as resistance.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars to increase the odds of another strong leg down.<\/li>\n\n\n\n<li>The market remains in a large trading range.<\/li>\n\n\n\n<li>Traders will continue to BLSH (Buy Low, Sell High) until there is a clear breakout in either direction with sustained follow-through.<\/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>The middle of the range is an area of balance and a magnet.<\/li>\n\n\n\n<li>So far, the retest of the October low over the last 3 weeks has overlapping ranges, indicating the bears are not yet strong.<\/li>\n\n\n\n<li>For now, traders will watch if bears can create more follow-through selling below the 20-day EMA.<\/li>\n\n\n\n<li>Or will bulls create a retest of the October 24 high with follow-through buying 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 Crude oil wedge bull flag pullback. Bulls see the current move as a retest of the October low and want a reversal from a higher-low major trend reversal and a wedge bull flag (Oct 30, Nov 6, Nov 13). If the market trades higher, bears want [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":255179,"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-255065","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\/11\/Crude-Oil-Weekly-Wedge-Bull-Flag-Bulls-Want-2nd-Leg-Up.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\/255065","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=255065"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/255065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/255179"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=255065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=255065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=255065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}