Oil – Daily Analysis

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 Today, WTI and Brent made a significant move. Oil confirmed a bottom simultaneously on the daily and 2D frames, while also forming a Bullish Engulfing on the 3D frame. If momentum holds into the end of the week, the weekly frame could also close bullish. However, both Brent and now WTI have formed bearish 50/100 DMA crosses, which means the broader bearish pressure is still present. Overall, oil has flipped bullish in the short term. The mid- and long-term outlook remains…