WTI Crude Oil: Elliott Wave Analysis and Forecast for 09.10.26–16.10.26

Major Takeaways Main scenario: Consider long positions from corrections above 86.20 with a target of 105.17–115.50. A buy signal: the price holds above 86.20. Stop Loss: below 84.70, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 86.20 will allow the asset to continue declining to the levels of 79.25–67.00. A sell signal: the level of 86.20 is broken to the downside. Stop Loss: above 87.70, Take Profit: 79.25–67.00.Main ScenarioConsider