WTI Crude Oil: Elliott Wave Analysis and Forecast for 11.04.25 – 18.04.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 72.35 with a target of 52.80 – 45.00. A sell signal: the price holds below 72.35. Stop Loss: above 73.00, Take Profit: 52.80 – 45.00. 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 71.70, Take Profit: 80.70 – 8