WTI Crude Oil: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25

Major TakeawaysMain scenario: Consider short positions from corrections below the level of 72.40 with a target of 52.80 – 45.00. A sell signal: the price holds below 72.40. Stop Loss: above 73.00, Take Profit: 52.80 – 45.00.Alternative scenario: Breakout and consolidation above the level of 72.40 will allow the asset to continue rising to the levels of 80.70 – 87.40. A buy signal: the level of 72.40 is broken to the upside. Stop Loss: below 71.80, Take Profit: 80.70 – 87.