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Commodities

Oil – Daily Analysis

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Daily Oil Open Articles Public
1725

In this update, we examine oil’s current setup with sharp technical focus—tracking candlestick formations, multi-timeframe indicators, and Elliott Wave structures. We pinpoint the key levels, patterns, and likely next moves before they take shape.

CANDLES

Oil continues its slow grind lower, with the daily and 2D frames completing bearish continuation candles. The odds remain bearish unless a strong reversal signal emerges. The weekly chart is leaning bearish but sits near neutral territory—making the next two days pivotal for the broader outlook.

ELLIOTT WAVES
(no change, just refreshed the charts)

All three counts remain on the table. The purple has the lowest odds.

Summary:

After today’s closure, oil remains bearish across all frames. A strong reversal signal is needed to shift the outlook.

Happy Trading!

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Daily Oil Open Articles Public
1725
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