WTI Crude Oil: Elliott Wave Analysis and Forecast for 14.03.25 – 21.03.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 70.68 with a target of 61.50 – 53.00. A sell signal: the level of 70.68 is broken to the downside. Stop Loss: above 71.50, Take Profit: 61.50 – 53.00. Alternative scenario: Breakout and consolidation above the level of 70.68 will allow the asset to continue rising to the levels of 80.70 – 87.40. A buy signal: the level of 70.68 is broken to the upside. Stop Loss: below 69.80, Take Profit