#Oil = WEEKLY Analysis = 06.08.2022 #WTI #energy @markets @ft @wsjmarkets #commodities @CNBC $usoil #CL1! @seekingalpha @marketwatch

Can oil drop to $65? And can we imagine return to $20…? This week was extremely eventful for the commodity and before I deep dive into technicals, I would like to remind about just major oil-related calls of the week.

July 30: Oil Monthly Report
https://investingangles.com/2022/07/30/oil-monthly-analysis-30-07-2022-wti-energy-markets-ft-wsjmarkets-commodities-cnbc-usoil-cl1-seekingalpha-marketwatch/

July 31: Can Oil Fall to $20? Study
https://investingangles.com/2022/07/31/can-oil-fall-back-to-20-31-07-2022-wti-energy-markets-ft-wsjmarkets-commodities-cnbc-usoil-cl1-seekingalpha-marketwatch-educational-oilandgas-uso/

August 1: Call on Double Top
https://investingangles.com/2022/08/01/oil-possible-double-top-01-08-2022-wti-energy-markets-ft-wsjmarkets-commodities-cnbc-usoil-cl1-seekingalpha-marketwatch-investingcom-uso/

August 3: $XLE: Alert & Long Term Forecast
https://investingangles.com/2022/08/03/xle-alert-long-term-forecast-03-08-2022-energy-commodities-xle-usoil-oil-cl1-cvx-xom-markets-marketwatch-ft-seekingalpha-cnbc/

August 4: $XOM: Back to $30???
https://investingangles.com/2022/08/04/xom-back-to-30-04-08-2022-oil-energy-commodities-wti-oil-xom-cvx-markets-cnbc-ft/

Previous call on oil: Diagonal: June 4 – July 17

We had a fantastic weekly closure and enough technical events to guide us.

This overview covers:
– long and short term forecasts;
– evaluation of 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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Bitcoin:
https://investingangles.com/2022/08/05/bitcoin-what-is-next-05-08-2022-btc-btc-cryptocurrency-crypto-crypto-bitcoin-ft-cnbc/

AAPL:
https://investingangles.com/2022/08/05/aapl-long-term-targets-05-08-2022-aapl-cnbc-markets-ft-markets-marketwatch-seekingalpha/

Nasdaq:
https://investingangles.com/2022/08/04/nasdaq-micro-path-06-04-08-2022-ndx-nq-ndx-qqq-qqq-markets-ft-cnbc/

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