WTI: Elliott Wave Analysis and Forecast for 06.11.26–13.11.26

Major Takeaways Main scenario: Consider long positions from corrections above 86.00 with a target of 107.00–115.50. A buy signal: the price holds above 86.00. Stop Loss: below 84.50, Take Profit: 107.00–115.50. Alternative scenario: Breakout and consolidation below 86.00 will allow the asset to continue declining to the levels of 79.25–67.00. A sell signal: the level of 86.00 is broken to the downside. Stop Loss: above 87.50, Take Profit: 79.25–67.00.Main ScenarioConsider long positions