#Oil = Quick Update = 16.01.2023 #WTI #commodities #usoil #CL $CL $WTI $SCO #oilandgas $oil #energy $xle #oott #fintwit

Oil is at an inflection point. If it closes at this level or lower, it may develop a strong bearish formation, leading to continued decline.

The long term targets remain the same since September.

Tune up for the Daily Update later today.

A bigger picture and perspectives were discussed in Weekly Analyses on Jan 14th.

Oil Weekly

Natural Gas Weekly

Nasdaq Weekly

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