Commodities

Oil – Weekly Analysis

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Oil Weekly

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Apparently, Fibonacci was smarter than the entire “lower gas” team combined. At least, the mathematical foundation he left us is actually helping to interpret reality—no matter how open Hormuz is. And today, we have a few fresh signals to work with. In this Oil Weekly Technical Analysis, we examine the latest candlestick signals, momentum structure, key support and resistance levels, and the evolving Elliott Wave roadmap to determine which path currently carries the better odds. There is plenty of noise around oil right now. We will ignore it. The focus is on the chart, the technical structure, and what the market itself may be signaling about the next major move. CANDLES and TA On Friday, oil completed an impressive set of candles, particularly Brent, which closed its 15D and 10D frames with very solid bullish continuation candles that leave little room for interpretation. WTI also formed a strong bullish candle…

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Oil Weekly

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