Oil – Daily Analysis

Following a significant political development, oil opened with a gap lower today. The key question is whether this move marks the beginning of a new bearish direction—or merely represents a corrective reaction within the broader structure. In today’s Oil Daily Analysis, we examine the latest candlestick signals, momentum shifts, Elliott Wave structure, and critical technical levels to determine whether the gap has materially changed the roadmap or created another tactical opportunity before the next major move. CANDLES: Oil moved sharply lower but closed the session with a neutral candle, leaving nearly equal odds for a move in either direction. However, the most important message came from the 3D frame, which formed a relatively clean Inside Candle combination with solid odds of becoming a bullish reversal point. Ideally, oil could make one more lower low before staging a bounce or a stronger rally. Overall, the short-term outlook remains neutral. The next…