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Commodities

Oil – Daily Analysis

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Oil Open Articles Public Weekly
547

Oil keeps sliding down the staircase we mapped in June. If you followed the call, you’re probably sitting comfy while crude drops double digits. The real tease now: are we near the floorboards of this slump—and is it time to dust off the bull suit? Let’s open the chart and listen to what the candles have to say.

CANDLES

I wish I could announce we’re near a bottom. So far, there’s no bullish signal. On the contrary, oil closed the daily and 3D frames with bearish continuation candles. If nothing unexpected happens tomorrow, the weekly will close bearish.

Short term: bearish
Mid term: bearish
Long term: bearish

ELLIOTT WAVES

Last Wave
No changes on charts – just refreshed them.

Micro Wave

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
547
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