#Oil = Daily Update = 12.01.2023 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #energy $xle #oott #fintwit

Today oil closed with a bullish signal. It likely confirmed a Tower Bottom formation and is ready to flip the short term trend bullish tomorrow.

The long term chart remains the same since September. However, there is a chance of a change if oil forms a strong green candle tomorrow.

Mid Term Chart below (premium content).

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A bigger picture and perspectives were discussed in Weekly Analysis on Jan 7th:

Yearly Analysis – Jan 1st:

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