How Can You Tell a Bullish Oil Trend?

Definition of a Oil Upward Oil Trend

How Can You Tell a Bullish Oil Trend? - How Can You Define a Bullish Oil Trend?

A bullish oil trend oil trend or an upward oil trend is defined by crude oil prices closing with higher highs and higher lows. This is the definition of a bullish crude oil trend.

The example shown below defines the bullish oil trend setup

Simple Way To Identify Oil Bullish Oil Trend and Upward Oil Trends

Oil Trend is the oil market tendency of crude oil prices to move in a particular direction for a period of time

For an Upward oil trend the crude crude oil price will move in a general market direction upwards.

This means crude oil prices will close higher than where they opened.

Upward Oil Trend

An upward oil trend line is drawn below the pattern by connecting at least two lows. This will draw a line that show the general oil trend direction of the crude oil trading market.

The example shown below shows how crude crude oil price moves when it is moving in a bullish market upward trend. The crude crude oil price will move upwards forming support areas.

Since the oil market moves in a zigzag manner oil traders normally draw an upward oil trend line which shows the general upward direction.

Definition of a Oil Upward Oil Trend - Explain How to Identify Oil Up Trend Market Direction

An upward oil trend occurs when the crude crude oil price will continue making consecutive higher highs and higher lows. Each high is higher than the previous high- higher high, and each low is higher than the previous low- higher low.

Up oil trend oil trend lines gain more validity each time crude crude oil price touches these oil trend lines but does not penetrate below the upward oil trend line. An up oil trend bullish oil trend remains in place until this series of higher highs and higher lows is broken - the upward oil trend line is broken, crude crude oil price moves below the upward oil trend line.