Market Overview: Crude Oil Futures The Crude oil futures reversed lower from a crude oil double top bear flag. The bears need to break far below the major bull trend line to increase the odds of lower prices. Bulls want a reversal higher from a higher low MTR (major trend reversal). The major bull trend […]
Crude Oil Double Top Bear Flag, Outside Bar
Market Overview: Crude Oil Futures The Crude oil futures weekly candlestick formed a crude oil double top bear flag with October 10 high, closing as an outside bear bar. However, the long tail below makes it a weaker bear bar. Bears need a follow-through bear bar to increase the odds of a retest of the September low. […]
Crude Oil Second Leg Sideways to Up
Market Overview: Crude Oil Futures The Crude oil futures is forming a crude oil second leg sideways to up from a higher low major trend reversal (Oct 18) on the weekly chart. It is the second leg up re-testing October 10 high. Bulls want a follow-through bull bar after breaking above the 20-week exponential moving […]
Crude Oil Triggered High 2 Buy Signal
Market Overview: Crude Oil Futures The Crude oil futures triggered the High 2 buy signal from a higher low major trend reversal (Oct 18). Bulls need a strong follow-through bar trading far above the 20-week exponential moving average and the bear trend line to increase the odds of higher prices. Bears hope that this is […]
Crude Oil No Follow-through bear bar
The Crude oil futures traded lower but the bears failed to get a follow-through bear bar and the market closed as a bull doji. The bears hope that this week was simply a pullback and want a second leg sideways to down to re-test the September low. The bulls want a second leg sideways to up re-testing October 7 high. Bulls will likely attempt to trigger the High 2 buy signal by trading above this week’s high.
Crude Oil No Bull Follow-through, 50% PB
Market Overview: Crude Oil Futures Crude oil no bull follow-through after last week’s surprise big bull bar. Bulls see this simply as a 50% pullback following last week’s climactic rally and want at least a small second leg sideways to up. Bears want a retest of Sept low. If next week closes as a bear follow-through […]
Crude Oil No Follow-through Selling on Weekly Chart
Market Overview: Crude Oil Futures The Crude oil futures continue to trade lower in a tight bear channel. However, there is a lot of overlapping price action on the weekly chart (crude oil no follow-through) which means the bears are not yet as strong as they could have been. The bears failed to get follow-through selling following […]
Market outlook for 2021: Crude oil
Video duration 13min 07sec. Market outlook video reports for 2021: Market outlook for BitcoinMarket outlook for Bond futuresMarket outlook for Crude oilMarket outlook for S&P500 EminiMarket outlook for EURUSD ForexMarket outlook for Gold futures Video transcript Introduction: Market outlook 2021 crude oil futures Hi, everyone. I’m Al Brooks. Thank you so much for your attention. […]
