#Oil = Weekly Analysis = 17.07.2022 #WTI #energy @markets @ft @wsjmarkets #commodities @CNBC $usoil #CL1!

This oil finally hit the target projected over 2 months ago and the main question is about the next move. Will oil continue down or reverse towards ATH?

Let’s evaluate the commodity from different angles and see how a recent major technical event on the monthly frame would impact probabilities.

This overview covers:
– long and short term forecasts;
– candles and TA on multiple frames.

This post is part of the @InvestingAngles Weekly Series that covers the US and global major indices; commodities and miners, bonds and volatility, crypto and currencies, and some large cap stocks.

The latest quarterly review and long term forecast:
https://investingangles.com/2022/07/03/oil-quarterly-analysis-03-07-2022-wti-energy-markets-seekingalpha-wsjmarkets-commodities-cnbc-usoil-cl1/

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