WTI Crude Oil: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 73.45 with a target of 105.17–115.50. A buy signal: the price holds above 73.45. Stop Loss: below 72.00, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below the level of 73.45 will allow the asset to continue declining to the levels of 58.50–50.00. A sell signal: the level of 73.45 is broken to the downside. Stop Loss: above 75.00, Take Profit: 58.50–50.00.Main sce