#Oil = Weekly Analysis = 17.12.2022 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #energy

The chart above was finalized over 3 months ago and there was no event registered that would warrant a change.

By the way, those who shorted oil following the big call on June 4, 2022 (just before the top), would have made about 40% on non-leveraged instruments.

In this weekly overview we will:
– evaluate technical indicators, candles, and recent events on various frames;
– discuss the long and mid term forecasts made with Elliott Waves.

Recently @InvestingAngles introduced daily reports on oil and we plan to maintain them among our regular features.

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.

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Previous Weekly Analysis:
https://investingangles.com/2022/12/03/oil-weekly-analysis-03-12-2022-wti-commodities-usoil-cl-cl-wti-oilandgas-oil-energy/

Natural Gas Monthly Analysis:
https://investingangles.com/2022/12/03/natgas-monthly-analysis-03-12-2022-naturalgas-commodities-ng-ng-ung-ung/


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