#Oil = Daily Update = 22.12.2022 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #energy $xle

Oil either already topped (more probable) or could make one more higher high before reversing.

Today’s candle could be the first sign of topping and it requires a confirmation.
From the weekly perspective, if oil fails to close above $82.72 tomorrow, the weekly formation will be bearish.

The mid and long term projected paths and targets remain unchanged, as outlined in the weekly analysis on the weekend. Charts below – premium content (subscription required).

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Oil Weekly Analysis – Dec 17:

Natural Gas Daily:

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