WTI Crude Oil: Elliott Wave Analysis and Forecast for 24.07.26–31.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 79.67 with a target of 105.17–115.50. A buy signal: the price holds above 79.67. Stop Loss: below 78.00, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 79.67 will allow the asset to continue declining to the levels of 67.00–58.50. A sell signal: the level of 79.67 is broken to the downside. Stop Loss: above 81.30, Take Profit: 67.00–58.50.Main ScenarioConsider