#Oil = Daily Update = 15.12.2022 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #energy

Oil pulled back as expected and completed a Dark Cloud Cover. However, the formation is weak technically and requires a strong confirmation for any direction. The candle tomorrow will likely provide an answer.

From the weekly perspective, oil has a chance to form a bullish reversal combo. We shall see how it develops tomorrow.

All mid and long term projected paths and targets remain unchanged, as outlined in the weekly analysis on the weekend.

Oil Weekly Analysis:

Natural Gas Daily:

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