Oil Pullback on Upward Oil Trend and Downward Oil Trend

The crude crude oil price of a oil instrument does not move up or down in a straight line. Instead the crude crude oil price moves up or down in a zigzag pattern called a oil trend - in this pullback pattern the crude crude oil price moves upward in a oil trend then it retraces before resuming the oil trend direction - in a downward oil trend the crude crude oil price moves downward in oil trend direction and then retraces before resuming the oil trend direction.

What is a pullback? A crude crude oil price pullback is a pullback of the crude crude oil price before the oil market resumes the original oil trend movement.

Example of Zigzag Oil Price Movement: The example shown below shows crude crude oil price moving up in a zigzag pattern showing crude crude oil price oil trend and crude crude oil price pullback.

The example shown below shows movement in an upward market and crude crude oil price pullback.

What is a Pullback? – What is Oil Pullback? - Oil Price Pullback Described With Example

1-2: Oil Price Moves Up - Oil Trend Direction

2-3: Oil Price Pullback

3-4: Oil Price Moves Up - Oil Trend Direction

4-5: Oil Price Pullback

5-6: Oil Price Moves Up - Oil Trend Direction

The pullback of crude crude oil price is explained on the above example - this represents a oil pullback in an upward crude oil trend.