Oil – Daily Analysis

Big MSM editors must feel rather uncomfortable when they have to rewrite their morning headlines because oil did not quite follow the script. That is exactly why we prefer to wait for the closing prints before drawing conclusions. Both bulls and bears had their chances today, but the session ended with a doji, signaling balance. Still, the support underneath that candle is not perfectly balanced. There are subtle differences in the technical backdrop, and that is where the real intent may be hiding. In today’s Oil Technical Analysis, we’ll look under the hood, interpret the latest signals, test whether the bullish structure is beginning to crack, and update the roadmap if the chart finally gives us a reason to do so. CANDLES & TA: If oil had closed today at the daily low, the bears would be celebrating a confirmed top on the daily frame. Instead, the bulls found solid…