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Crude oil chart patterns
We ran 57 candlestick patterns, chart patterns and indicator signals over Crude oil futures (daily candles from January 2015 and hourly candles from September 2024) and counted 2,492 cases. Here is how often each one reached its target before its stop.
Best on Crude oil: vwap rejection (48% of 29), bearish harami (48% of 21), bullish harami (41% of 22). Weakest: fibonacci bounce up (11% of 27), obv bullish divergence (20% of 20), rsi overbought drop (29% of 70). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| VWAP rejection | 29 | 48% | 48% | 3% |
| Bearish harami | 21 | 48% | 48% | 5% |
| Bullish harami | 22 | 41% | 55% | 5% |
| Bollinger breakout up | 22 | 41% | 50% | 9% |
| Volume profile bounce | 124 | 40% | 52% | 7% |
| VWAP reclaim | 23 | 39% | 39% | 22% |
| Stochastic bullish cross | 199 | 39% | 52% | 10% |
| RSI oversold bounce | 56 | 38% | 55% | 7% |
| MACD bullish cross | 110 | 37% | 52% | 11% |
| MACD bearish cross | 122 | 36% | 60% | 4% |
| EMA 9/21 bullish cross | 103 | 36% | 57% | 7% |
| Bullish marubozu | 20 | 35% | 55% | 10% |
| Volume profile rejection | 95 | 35% | 55% | 11% |
| Bearish engulfing | 21 | 33% | 57% | 10% |
| Stochastic bearish cross | 267 | 32% | 62% | 6% |
| Fibonacci bounce down | 44 | 32% | 59% | 9% |
| Bullish engulfing | 22 | 32% | 55% | 14% |
| EMA 9/21 bearish cross | 106 | 30% | 61% | 8% |
| RSI overbought drop | 70 | 29% | 63% | 9% |
| OBV bullish divergence | 20 | 20% | 60% | 20% |
| Fibonacci bounce up | 27 | 11% | 89% | 0% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Doji | 121 | 55% | 38% | 7% |
| Spinning top | 162 | 51% | 46% | 4% |
| Inside bar | 404 | 49% | 48% | 3% |
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
Learn to read Crude oil charts
- Commodities: futures, contract sizes and expiryA commodity future is a deal for a fixed amount of something, like 1,000 barrels of oil, on a set future date.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
More Commodities charts
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Questions
Which pattern worked best on Crude oil?
In our count the vwap rejection reached its target first most often on Crude oil: 48% of 29 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Crude oil?
The bearish harami: target first 48% of 21 times on Crude oil.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.