WTI Crude Oil: Elliott Wave Analysis and Forecast for 23.05.25 – 30.05.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 72.33 with a target of 52.80 – 45.00. A sell signal: the price breaches 72.33 to the downside. Stop Loss: above 73.20, Take Profit: 52.80 – 45.00. Alternative scenario: Breakout and consolidation above the level of 72.33 will allow the asset to continue rising to the levels of 80.70 – 87.40. A buy signal: the level of 72.33 is broken to the upside. Stop Loss: below 71.50, Take Profit: 80