Oil – Daily Analysis

In today’s Oil Daily Analysis, we examine the latest candlestick signals, momentum structure, Elliott Wave paths, and key support and resistance levels. The focus is on the current technical setup and the signals that could define the next major move. We will assess the strength of the recent advance, the condition of the broader trend, and the critical confirmation levels that may determine whether oil continues higher, pauses for consolidation, or enters another corrective phase. CANDLES & TA: WTI paused today, while Brent continued to advance moderately. Both benchmarks printed neutral-to-bullish daily candles. At the same time, WTI closed the 3D frame with a strong bullish continuation signal. If the momentum holds for another two days, the weekly frame is tracking toward a very strong bullish continuation signal, potentially accompanied by additional bullish confirmations on several mid- and long-term indicators. Overall, oil remains bullish until it signals otherwise. ELLIOTT WAVES…