#Oil = Daily Update = 18.01.2023 #WTI #commodities #usoil #CL $CL $WTI $SCO #oilandgas $oil #energy $xle #oott #fintwit

Today oil closed with a bearish candle with a rather weak technical support. The candle was rejected at the 100 DMA and supported at 50 DMA. The trend is still bullish and the chances of neutral or bullish move tomorrow are slightly higher.
If oil is meant to reverse bearish, the candles should confirm it in the next 1-2 days.

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