#Oil = Monthly Analysis = 30.11.2022 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #energy

Oil bulls tried in November really hard to negate the bearish spell of Three Black Crows that were reported in August. But failed miserably. As the result, oil remains bearish and not only because of candles. There are many other reasons.

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/2022/11/26/oil-weekly-analysis-26-11-2022-wti-commodities-usoil-cl-cl-wti-oilandgas-oil-energy/

The chart below was shared a few days before the Top in June.

Natural Gas Weekly Analysis:
https://investingangles.com/2022/11/26/natgas-weekly-analysis-26-11-2022-naturalgas-commodities-ng-ng-ung-ung/


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