What Happens in Oil Trading after a Bull Flag Oil Trading Chart Pattern in Oil?

The bull flag oil pattern is found within a Oil upwards trend.

The bull flag oil pattern occurs at halfway point of a bullish upward oil trend & after a breakout a similar move equal to the height of the flagpole is expected.

In this bull flag oil pattern is a continuation oil chart pattern where the oil market retraces slightly, it is therefore a slight retracement with narrow crude crude oil price action that has a slight downwards tilt.

The technical buy point is when crude crude oil price penetrates the upper line of the bull flag oil pattern. flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

What Happens in Oil Trading after a Bull Flag Crude Oil Trading Chart Pattern in Oil?

The bull flag oil pattern above was just a resting period as the oil market gathered strength to break out and move higher. The bull flag oil chart pattern oil continuation oil signal was confirmed as the upper line of this flag pattern was broken to the upside.