#Oil = Weekly Analysis = 19.11.2022 #WTI #commodities #usoil #CL1 #oilandgas $oil @marketwatch

Oil is falling to $45 or lower, possibly to single-digit prices. There are multiple technical reasons for such forecast and the probability is very high.

The chart below was shared several days before the Top in June and it looks like I will be right again with calling an extension to the fall. Are you still not following @InvestingAngles?

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.

This overview contains:
– evaluation of candles, technical indicators, and events on various frames;
– long and mid term forecasts with Elliott Waves.

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Previous Oil Analysis:
https://investingangles.com/2022/11/12/oil-weekly-analysis-12-11-2022-wti-commodities-usoil-cl1-oilandgas-oil-ft-markets-thestreet-marketwatch-forexcom-cnbc-forbes/


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