#Oil = Weekly Analysis = 29.05.2022 #WTI #energy @markets @seekingalpha @wsjmarkets #commodities $usoil #CL1!

A new high and a sharp decline towards $93 or lower? Oil is possibly approaching an apex of ending diagonal that was first discussed on May 12th.

Let’s evaluate the recent signals – oil has been printing very interesting candles recently.

Today we will discuss:
– long and short term targets from the Elliott Wave perspective (2022-2024);
– weekly and daily candles and TA.

The latest quarterly review and long term forecast:

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