Oil – Daily Analysis

Today, oil recorded several important mid-term signals, and our goal is to understand whether they support a continued rally or point to something else. The report focuses on the technical structure behind the move and the paths that could define oil’s next decisive phase. 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 roadmap into the end of July. CANDLES: Both WTI and Brent remain constructive after today’s close. Both commodities are now aligned with bullish 8/20 EMA crosses, and the majority of indicators continue to support a rally. While the daily candles were somewhat neutral-bullish, the 2D, 5D, and 10D frames closed with strong bullish signals, materially increasing mid-term bullish momentum. If this strength holds for the next two days, the weekly close will confirm a bottom….