Oil – Daily Analysis

WTI shook off Friday’s weakness and fully recovered, once again showing that the market is developing thicker skin against high-profile headline noise. Gasoline added another layer to the story with a sharp 3.5% jump, keeping the broader energy complex firmly in focus. In today’s report, we review the evolving structure across multiple timeframes, assess the key technical and momentum signals, and outline the critical levels likely to define the next major move. The central question is whether oil is merely stabilizing after volatility, or preparing for another decisive leg in the larger trend. CANDLES WTI is on track for a strong bullish closure today, still deciding between a Bullish Engulfing and a Piercing Line. Brent is far more decisive, with a Bullish Engulfing and a further widening spread. Overall, oil remains bullish across all frames, with varying degrees of strength. ELLIOTT WAVES Brent – Last Wave No change in the…