Oil – Daily Analysis

I love the daily routine at a few large, respectable MSM outlets. Early morning: a big, fancy article explaining that oil is finally down because you-know-who said you-know-what—and this is everything you need to know. Closer to the closing bell: “Oh… we may need to rewrite that because you-know-why.” That is exactly why we do not chase talking heads or morning headlines. The charts usually say much more in a far more condensed form. Our job is simply to keep sharpening the skill of interpreting what they are actually telling us. In today’s Oil Technical Analysis, as usual, 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: Oil reinforced the bullish odds across the mid- and long-term frames. The 5D closed with bullish…