Oil Weekly Analysis

Brent is now up roughly 60% since our mid-February call—yes, about two weeks before the war began and Hormuz turned into a very real bottleneck. Which raises the old chicken-and-egg question: did the candles see the war coming, or did the war simply give the candles the excuse they had already been waiting for? Markets have a funny habit of sketching the outline first and letting the headlines explain it later. Today is maintenance day. We’ll check the oil levels across multiple technical vehicles, inspect the moving parts, and see whether anything in the broader roadmap needs to be adjusted—or whether the original machine is still running exactly as designed. CANDLES and TA WTI and Brent ended the week with bullish signals on the weekly frame and across all smaller timeframes. The daily is somewhat stretched, which could trigger a short-term pullback or consolidation, but the broader message remains unchanged….