#Oil = WEEKLY Analysis = 20.08.2022 #WTI #energy #commodities #usoil #CL1! $uso #oilandgas

It has been 3 weeks after this call and it it looks like oil is ready for a major move.

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.

Previous Weekly:
https://investingangles.com/2022/08/13/oil-weekly-analysis-13-08-2022-wti-energy-markets-ft-wsjmarkets-commodities-cnbc-usoil-cl1-seekingalpha-marketwatch/

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