Oil – Daily Analysis

While much of the market is chasing the next headline or waiting for direction from talking heads, our focus remains where it has consistently delivered value: technicals and statistics. Today, oil recorded several signals that could mark at least a short-term bottom. In this report, we examine the latest oil signals, review the key technical levels, and assess the probability map behind oil’s next major move. CANDLES Today, both Brent and WTI pushed lower and formed red daily candles. However, momentum on multiple hourly frames shifted during the day, and I alerted the condition in real time. If the momentum that extended to the 5–12-hour frames gets follow-through tomorrow, oil could form at least a short-term bottom on the daily candles, and possibly on a few larger frames as well. Technicals are aligned for a bounce. Overall, oil is neutral on the short- and mid-term frames, bearish on the monthly…