WTI Crude Oil: Elliott wave analysis and forecast for 12.09.25 – 19.09.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider short positions from corrections below the level of 65.65 with a target of 56.80 – 53.50. A sell signal: the price holds below 65.65. Stop Loss: above 67.80, Take Profit: 56.80 – 53.50.
- Alternative scenario: Breakout and consolidation above the level of 65.65 will allow the pair to continue rising to the levels of 70.00 – 77.65. A buy signal: the level of 65.65 is broken to the upside. Stop Loss: below 63.80, Take Profit: 70.00 – 77.65.
Main Scenario
Consider short positions from corrections below the level of 65.65 with a target of 56.80 – 53.50.
Alternative Scenario
Breakout and consolidation above the level of 65.65 will allow the asset to continue rising to the levels of 70.00 – 77.65.
Analysis
A descending correction continues to form as the second wave of larger degree (2) on the weekly chart, with wave С of (2) developing as its part. On the daily time frame, the upward correction has finished as the fourth wave iv of C, and the fifth wave v of C is currently in progress. On the H4 time frame, the fifth wave of lower degree (v) of v of C is developing, within which wave iii of (v) is unfolding. If the presumption is correct, WTI will continue to decline to the levels of 56.80 – 53.50. The level of 65.65 is critical in this scenario as a breakout will enable the price to continue rising to the levels of 70.00 – 77.65.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of USCRUDE in real time mode
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