WTI Crude Oil: Elliott wave analysis and forecast for 19.07.24 – 26.07.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 84.80 with a target of 72.30 – 67.60. A sell signal: after the level of 84.80 is broken. Stop Loss: 86.00, Take Profit: 67.60. Alternative scenario: breakout and consolidation above the level of 84.80 will allow the asset to continue rising to the levels of 90.95 – 95.25. A buy signal: after the level of 84.80 is broken. Stop Loss: 83.50, Take Profit: 95.25.Main scenarioConsider shor