#Oil = WEEKLY Analysis = 13.08.2022 #WTI #energy @markets @ft @wsjmarkets #commodities @CNBC $usoil #CL1! @seekingalpha @marketwatch

Unless candles are deeply mistaken, the honeymoon week for the oil bulls is over.

In this weekly overview I will traditionally discuss the candle formations on various time frames, evaluate the corresponding technical events from the statistical perspective and provide the short- and long-term forecasts using Elliott Waves.

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.

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