Oil Weekly: One Flag Away From a Bigger Move

Oil has been remarkably obedient to the roadmap—but markets rarely stay polite forever. The structure we have been tracking since the August 6 call remains intact, and WTI is now approaching another potentially important inflection point. The recent pullback has so far looked more like a reset than a structural failure, while the larger bullish path continues to point toward significantly higher levels. In this Oil Weekly Technical Analysis, we review the latest candlestick signals, momentum structure, and Elliott Wave roadmap to determine whether Oil is preparing for another impulsive advance—or whether the market is about to challenge a setup that has worked unusually well for nearly two months. The next move should tell us whether $107 and $116 remain distant targets—or the next stops on the road. CANDLES and TA This week, Oil came very close to confirming a top on the weekly frame, but instead formed a bottom…