WTI Crude Oil: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

Major Takeaways Main scenario: Consider long positions from corrections above 80.00 with a target of 105.17–115.50. A buy signal: the price holds above 80.00. Stop Loss: below 78.50, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 80.00 will allow the asset to continue declining to the levels of 67.00–58.50. A sell signal: the level of 80.00 is broken to the downside. Stop Loss: above 81.50, Take Profit: 67.00–58.50.Main ScenarioConsider