#Oil = Daily Update = 13.12.2022 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #energy

Following yesterday’s bullish candle, #oil moved higher today. The odds of moving upwards tomorrow are slightly higher, however, it does not mean that the day will be closed with a green candle.

Tomorrow, an important 15-day candle will be closed. If it closes below $75.72, it will form a bearish continuation candle, elevating the chances for a move downwards in the next 15 days. The semimonthly trend is bearish and a freshly made 8/20 EMA bearish cross just elevates the bearish odds on this frame.

All mid and long term targets remain unchanged, as discussed in the weekly analysis.

Weekly Analysis:

Natural Gas Monthly Analysis:

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