Oil – Daily Analysis

Today, oil completed an interesting combination. At least now we know exactly where to look tomorrow at 6:00 a.m. EST. In today’s Oil Daily Analysis, we examine the latest candlestick signals, momentum structure, Elliott Wave paths, and key support and resistance levels. We assess the internal health of the current rally, the condition of the broader trend, and the critical confirmation points that could define oil’s next major move. With several upside targets still in play, the key question is no longer simply whether oil can move higher. It is whether the new Golden Cross is marking the beginning of a much larger acceleration—one that the broader market may not yet be positioned for. CANDLES & TA: Today, oil pulled back, but the technicals continue to suggest they did not support the move. As a result, multiple hourly frames became grossly oversold. Perhaps oil will pay for such a move…