WTI: Elliott Wave Analysis and Forecast for 30.10.26–06.11.26

Major Takeaways Main scenario: Consider long positions from corrections above 98.45 with a target of 107.00–115.50. A buy signal: the price holds above 98.45. Stop Loss: below 96.95, Take Profit: 107.00–115.50. Alternative scenario: Breakout and consolidation below 98.45 will allow the asset to continue declining to the levels of 86.10–79.25. A sell signal: the level of 98.45 is broken to the downside. Stop Loss: above 99.95, Take Profit: 86.10–79.25.Main ScenarioConsider long positions