{"id":271181,"date":"2026-06-07T01:30:00","date_gmt":"2026-06-07T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=271181"},"modified":"2026-06-07T00:34:33","modified_gmt":"2026-06-07T07:34:33","slug":"crude-oil-has-formed-a-triangle-pattern","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/crude-oil-has-formed-a-triangle-pattern\/","title":{"rendered":"Crude Oil Has Formed a Triangle Pattern"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Crude Oil Futures<\/h2>\n\n\n\n<p>Crude oil has formed a triangle pattern on the weekly chart over the past 13 weeks. Bulls want any pullback to form a higher low relative to the May 6 or April 17 lows. Bears see this week as a pullback and want a second leg sideways to down following the first leg down from May 18 to May 29.<\/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\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range-680x383.jpg\" alt=\"Crude Oil Weekly - Triangle, Middle of Trading Range, Crude Oil Has Formed a Triangle Pattern\" class=\"wp-image-271268\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range.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 formed a bull doji closing in its lower half with a long upper tail.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-crude-oil-ii-pattern\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bears could generate strong follow-through selling, breaking below the bottom of the triangle and the 20-week EMA, or whether the market would trade lower but stall around the 20-week EMA or the April 17 low area instead.<\/li>\n\n\n\n<li>The market gapped up and traded higher during the first half of the week, followed by a pullback.<\/li>\n\n\n\n<li>Bulls see the recent move (May 29) as a pullback forming a large double bottom bull flag with the April 17 low or a wedge bull flag (April 17, May 6, and May 29).<\/li>\n\n\n\n<li>Bulls want any pullback to form a higher low relative to the May 6 or April 17 lows.<\/li>\n\n\n\n<li>If the market trades lower, bulls want the 20-week EMA or the April 17 low to act as support.<\/li>\n\n\n\n<li>Bulls need consecutive bull bars closing near their highs and breaking strongly above the triangle to increase the odds of trend resumption.<\/li>\n\n\n\n<li>Bears see the recent move (May 18) as a retest of the prior high and want the bear trend line to act as resistance.<\/li>\n\n\n\n<li>Bears want a reversal from a wedge top (April 7, April 30, and May 18) and a lower high major trend reversal.<\/li>\n\n\n\n<li>Bears see this week as a pullback and want a second leg sideways to down following the first leg down from May 18 to May 29.<\/li>\n\n\n\n<li>Bears need to create consecutive strong bear bars breaking strongly below the triangle and the 20-week EMA to increase the odds of a reversal.<\/li>\n\n\n\n<li>Crude oil is forming a broad contracting triangle, with the market contained within two converging trend lines.<\/li>\n\n\n\n<li>The trading range is becoming tight, which means the market is in breakout mode. Traders expect a breakout within a few weeks. The first breakout can fail about half the time.<\/li>\n\n\n\n<li>The market remains in a trading range with overlapping price action. Traders may continue to Buy Low, Sell High (BLSH)\u2014buying near the lower third and selling near the upper third of the range\u2014until there is a strong breakout with follow-through.<\/li>\n\n\n\n<li>The middle of the range can act as an area of balance and a magnet.<\/li>\n\n\n\n<li>Traders will watch whether bears can generate a second leg sideways to down, breaking below the bottom of the triangle and the 20-week EMA.<\/li>\n\n\n\n<li>Or whether the market stalls and tests the top of the triangle instead.<\/li>\n\n\n\n<li>External factors, such as developments in the Middle East, could accelerate or reverse the current move.<\/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\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-Low.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-Low-680x383.jpg\" alt=\"Crude Oil Daily - Contracting Triangle, Lower High, Higher Low\" class=\"wp-image-271269\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-Low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Crude-Oil-Daily-Contracting-Triangle-Lower-High-Higher-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 higher in the first half of the week, testing the 20-day EMA, followed by a pullback.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/crude-oil-formed-a-lower-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said traders would watch whether bears could generate follow-through selling, breaking below the 20-day EMA to test the bottom of the triangle, or whether the market would stall around the 20-day EMA or the middle of the trading range instead.<\/li>\n\n\n\n<li>Bulls want a breakout above the triangle, followed by a retest of the March 9 high to resume the trend.<\/li>\n\n\n\n<li>Bulls see a large wedge bull flag (April 17, May 6, and May 29) and a double bottom bull flag (May 6 and May 29) forming.<\/li>\n\n\n\n<li>Bulls want the 20-day EMA or the bull trend line to act as support.<\/li>\n\n\n\n<li>If the market trades lower, bulls want it to form a higher low relative to the April 17 low.<\/li>\n\n\n\n<li>Bulls need consecutive bull bars closing near their highs and breaking strongly above the triangle to increase the odds of trend resumption.<\/li>\n\n\n\n<li>Bears see the recent move (May 18) as a retest of the prior high and want the top of the triangle to act as resistance.<\/li>\n\n\n\n<li>Bears want a reversal from a wedge top (April 7, April 30, and May 18) and a double top bear flag (April 30 and May 18).<\/li>\n\n\n\n<li>Bears want a retest and breakout below the bottom of the triangle.<\/li>\n\n\n\n<li>Bears need consecutive bear bars closing near their lows and breaking decisively below the bull trend line to demonstrate control.<\/li>\n\n\n\n<li>Crude oil is forming a broad contracting triangle with lower highs and higher lows.<\/li>\n\n\n\n<li>The trading range is becoming tight, which means the market is in breakout mode. Traders expect a breakout within a few weeks. The first breakout can fail about half the time.<\/li>\n\n\n\n<li>The market remains in a trading range with overlapping price action. Traders may continue to Buy Low, Sell High (BLSH)\u2014buying near the lower third and selling near the upper third of the range\u2014until there is a strong breakout with follow-through.<\/li>\n\n\n\n<li>The middle of the range is an area of balance and often acts as a magnet.<\/li>\n\n\n\n<li>Traders will watch whether bears can generate follow-through selling, breaking strongly below the bottom of the triangle.<\/li>\n\n\n\n<li>Or whether the market stalls and tests the top of the triangle instead.<\/li>\n\n\n\n<li>External factors, such as developments in the Middle East, could accelerate or reverse the current move.<\/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 Crude oil has formed a triangle pattern on the weekly chart over the past 13 weeks. Bulls want any pullback to form a higher low relative to the May 6 or April 17 lows. Bears see this week as a pullback and want a second leg sideways to down following [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":271268,"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-271181","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\/2026\/06\/Crude-Oil-Weekly-Triangle-Middle-of-Trading-Range.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\/271181","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=271181"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271181\/revisions"}],"predecessor-version":[{"id":271305,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/271181\/revisions\/271305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/271268"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=271181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=271181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=271181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}