WTI Crude Oil: Elliott Wave Analysis and Forecast for 04.04.25 – 11.04.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 72.35 with a target of 61.50 – 52.80. A sell signal: the level of 72.35 is broken to the downside. Stop Loss: above 73.00, Take Profit: 61.50 – 52.80. Alternative scenario: Breakout and consolidation above the level of 72.35 will allow the asset to continue rising to the levels of 80.70 – 87.40. A buy signal: the level of 72.35 is broken to the upside. Stop Loss: below 71.50, Take Profit