WTI Crude Oil: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 67.00 with a target of 105.17–115.50. A buy signal: the price holds above 67.00. Stop Loss: below 65.50, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below the level of 67.00 will allow the asset to continue declining to the levels of 58.50–50.00. A sell signal: the level of 67.00 is broken to the downside. Stop Loss: above 68.50, Take Profit: 58.50–50.00.Main sce