Oil – Daily Analysis

Oil has made enough contradictory moves lately that the roadmap probably deserves to be taken back behind closed doors. Perhaps crude is finally getting tired. Perhaps the recent hesitation is the first sign that the bulls are losing control. Or perhaps, after resisting every headline, every diplomatic hint, every supply story, and what at times has looked like almost administrative pressure for lower prices, oil is finally preparing to cave. That would certainly make a lot of people happy. But charts are rarely that cooperative. When price starts sending mixed signals across several technical frames, the right response is not to defend the old roadmap at all costs. It is to reopen the file, question every assumption, and see whether the market has genuinely changed—or is simply creating enough confusion to make everyone believe that it has. So today, we go behind closed doors. In this Oil Daily, we’ll reassess…