WTI Crude Oil: Elliott Wave Analysis and Forecast for 26.06.26–03.07.26

Major Takeaways Main scenario: Consider long positions from corrections above the level of 68.75 with a target of 91.80–105.17. A buy signal: the price holds above 68.75. Stop Loss: below 67.00, Take Profit: 91.80–105.17. Alternative scenario: Breakout and consolidation below the level of 68.75 will allow the asset to continue declining to the levels of 65.00–60.45. A sell signal: the level of 68.75 is broken to the downside. Stop Loss: above 70.50, Take Profit: 65.00–60.