WTI Crude Oil: Elliott Wave Analysis and Forecast for 30.01.26–06.02.26

Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 70.00 with a target of 50.50–45.00. A sell signal: the price holds below 70.00. Stop Loss: above 70.00, Take Profit: 50.50–45.00. Alternative scenario: Breakout and consolidation above the level of 70.00 will allow the asset to continue rising to the levels of 77.50–84.00. A buy signal: the level of 70.00 is broken to the upside. Stop Loss: below 70.00, Take Profit: 77.50&ndash