WTI Crude Oil: Elliott wave analysis and forecast for 27.09.24 – 04.10.24

Highlights and key points Main scenario: consider short positions on corrections below the level of 72.13 with a target of 61.50 – 53.60. A sell signal: if the price holds below 72.13. Stop Loss: above 73.50, Take Profit: 61.50 – 53.60. Alternative scenario: breakout and consolidation above the level of 72.13 will allow the asset to continue rising to the levels of 77.50 – 83.75. A buy signal: once the level of 72.13 is broken to the upside. Stop Loss: below 70.80, Take Profit: