#Oil = Quarterly Analysis + Long Term Forecast = 01.10.2022 #WTI #commodities #usoil #CL1 #oilandgas $oil @markets @thestreet

Following the technical bearish events earlier in September, oil closed the month with very bearish formations, signaling a continued decline.

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

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

But before we start, I would like to highlight a few epic calls that subscribers of the @InvestingAngles analyses enjoyed recently…

The big bear call on gold in March

Those subscribed to our service since 2021 have benefited from this Bitcoin call in November…

A few loyal, very long term customers knew that GDX miner was toxic since November 2020

The list goes on an on.

In the middle of August 2022 I outlined that OIL “…is technically in the same conditions as in August 2008. Believe it or not, but the commodity is likely to go down. Swiftly.”

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