#Oil = Weekly Analysis = 14.01.2023 #WTI #commodities #usoil #CL $CL $WTI #oilandgas $oil #fintwit #oott #crudeoil

Since our big call on June 4, 2022, oil lost about 35% (as I type, it is $79.86) and in today’s analysis we will evaluate the probabilities for a continued ride lower vs bullish reversal.

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.

In December, InvestingAngles introduced daily reports on oil and we plan to maintain them among our regular features. Are you with us?

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 Oil Analysis – Jan 7th:

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