WTI Crude Oil: Elliott Wave Analysis and Forecast for 28.02.25 – 07.03.25

Major Takeaways Main scenario: consider short positions from corrections below the level of 75.85 with a target of 61.50 – 53.00. A sell signal: the level of 75.85 is broken to the downside. Stop Loss: above 76.50, Take Profit: 61.50 – 53.00. Alternative scenario: breakout and consolidation above the level of 75.85 will allow the asset to continue rising to the levels of 80.70 – 87.40. A buy signal: the level of 75.85 is broken to the upside. Stop Loss: below 75.00, Take Profit