Oil – Daily Analysis

Oil bounced today, but the real question is whether this was only a tactical oversold reaction — or whether the internals are beginning to signal something bigger. Today’s report focuses on the structure behind the move: the newest technical signals, the strength or weakness beneath the bounce, and the paths that could define oil’s next decisive move. The key question is whether oil is preparing to confirm a local bottom, resume the mid-term breakdown after a temporary pause, or trigger a larger-frame signal that could change the entire map into the end of June. CANDLES Following oversold conditions, WTI and Brent formed bullish Harami candles, but both still require confirmation. At the same time, the 2D frames closed with bearish candles, and all major resistance levels remain intact. At best, oil is neutral on the daily frame, pending a decision. The mid- and long-term frames remain bearish. The monthly, 2M,…