What's a Pullback?

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

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

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

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

What is a Pullback? - What is a Oil Trading Pullback? - Oil Trading Price Pullback Described With Examples

1-2: Oil Trading Price Moves Upward - Oil Trading Trend Direction

2-3: Oil Trading Price Pullback

3-4: Oil Trading Price Moves Upward - Oil Trading Trend Direction

4-5: Oil Trading Price Pullback

5-6: Oil Trading Price Moves Upward - Oil Trading Trend Direction

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