WTI Crude Oil: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 95.15 with a target of 78.00–65.00. A sell signal: the price holds below 95.15. Stop Loss: above 97.00, Take Profit: 78.00–65.00. Alternative scenario: Breakout and consolidation above the level of 95.15 will allow the pair to continue rising to the levels of 108.30–126.00. A buy signal: the level of 95.15 is broken to the upside. Stop Loss: below 93.30, Take Profit: 108.30–126.00.