WTI Crude Oil: Elliott Wave Analysis and Forecast for 17.07.26–24.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 70.40 with a target of 91.80–105.17. A buy signal: the price holds above 70.40. Stop Loss: below 68.90, Take Profit: 91.80–105.17. Alternative scenario: Breakout and consolidation below 70.40 will allow the asset to continue declining to the levels of 62.00–58.50. A sell signal: the level of 70.40 is broken to the downside. Stop Loss: above 71.90, Take Profit: 62.00–58.50.Main ScenarioConsider l