Oil – Daily Analysis
The oil market remains manipulated. Our broader oil path remains unchanged. Let’s see whether the latest interventions prompt any change to the outlook. In today’s Oil Daily Analysis, we examine the latest candlestick signals, momentum structure, Elliott Wave paths, and key support and resistance levels. We also define the technical conditions that would favor either continuation of the broader upside path or a deeper reversal. The key question remains simple: is the latest move the next leg of the rally—or just another bounce? CANDLES & TA: Today’s daily close was neutral. It neither confirmed nor fully negated Friday’s bearish attack. Both the daily and weekly structures continue to maintain bullish trends, supported by the 50/100 DMA and, especially, the 50/200 WMA Golden Crosses. Overall, Oil is neutral in the short term and remains bullish in the mid and long term. ELLIOTT WAVES Micro Today, WTI made another swing and formed…
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