Skip to content
GET STARTED
Loading...
✨ Become a Member and get full access!
Commodities

Oil – Daily Analysis

•
Oil Open Articles Public Weekly
610

Today’s oil update applies our standard approach — reading the candle formations across key frames, assessing trend alignment, and evaluating momentum shifts. The focus remains on identifying whether the ongoing structure supports continuation or signals a transition, using Elliott Wave only as a secondary confirmation of the broader setup.

CANDLES

Oil has consolidated for three days, but the direction remains bearish until reversed. The next major reading is the weekly, which is bearish so far.

Short term: bearish–neutral
Mid term: bearish
Long term: bearish

ELLIOTT WAVES

Last Wave
No changes on charts – just refreshed them.

Micro Wave

There is a chance of another extended correction, potentially forming a flag.

Classical Patterns – Flags

Summary:

Oil remains bearish across all frames until a confirmed weekly signal turns the table.

Short term: bearish-neutral
Mid term: bearish
Long term: bearish

Happy Trading!

Oil Open Articles Public Weekly
610
Read Next
US Indices
SP500 – Daily Analysis
Whoever missed yesterday’s warning may want to start paying a little more attention to Investing Angles. We can bring the horse to water. We can point directly at the water. We can even put up a flashing sign saying, “Water here.” Drinking it, unfortunately, remains optional. Today, the market finally delivered the statement we have […]
Commodities
Natural Gas – Daily Analysis
What kind of surprise is Natty preparing for the day of giving Thanks? Natural Gas has been quietly building one of the more intriguing setups on the board. The broader structure is bullish, momentum has been strengthening, and the recent technical signals suggest the market may not be finished with its seasonal drama just yet. […]
US Indices
SP500 – Daily Analysis
Something about this market feels increasingly uncomfortable. On the surface, everything still looks calm enough. But underneath, the structure is starting to carry the kind of tension that usually deserves more respect than the headlines suggest. Nothing has broken yet—and that may be exactly why the warning matters. In today’s S&P 500 Technical Analysis, we […]