WTI Crude Oil: Elliott wave analysis and forecast for 04.10.24 – 11.10.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 77.00 with a target of 61.50 – 53.60. A sell signal: if the price holds below 77.00. Stop Loss: above 78.50, Take Profit: 61.50 – 53.60. Alternative scenario: breakout and consolidation above the level of 77.00 will allow the asset to continue rising to the levels of 83.75 – 90.00. A buy signal: once the level of 77.00 is broken to the upside. Stop Loss: below 75.50, Take Profi