Crude Oil Could Move Above April Highs, Hedge Fund Telemetry's Thornton Says

The video discusses the current state of major market averages, highlighting a significant bull run in the S&P 500 Futures and NASDAQ, with the best performance since 2013 and 2017, respectively. It explores whether this trend is a bull trap or has more potential. Tom Thornton provides insights, expressing a bearish outlook on stock futures but a bullish stance on crude oil, citing factors like Tropical Storm Barry and geopolitical tensions. The video concludes with a trading strategy for crude oil futures through options.

Explain the bearish pattern mentioned in relation to the index confirming for 3060.

What factors are influencing the bullish outlook on crude oil as discussed in the text?