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
https://investingangles.com/2023/01/14/oil-weekly-analysis-14-01-2023-wti-commodities-usoil-cl-cl-wti-oilandgas-oil-fintwit-oott-crudeoil/
Natural Gas Weekly
https://investingangles.com/2023/01/14/natgas-weekly-analysis-14-01-2023-naturalgas-commodities-ng-ng-ung-ung-kold-boil-fintwit-oilandgas-investing/
Nasdaq Weekly
https://investingangles.com/2023/01/15/nasdaq-weekly-analysis-15-01-2023-ndx-ndx-nq-qqq-qqq-trading-fintwit-markets/
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