RSS WTI Crude Oil: Elliott Wave Analysis and Forecast for 06.12.24 – 13.12.24

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 RSS WTI Crude Oil: Elliott Wave Analysis and Forecast for 06.12.24 – 13.12.24

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Major Takeaways Main scenario: Consider short positions from corrections below the level of 71.56 with a target of 61.50 – 53.60. A sell signal: the price holds below 71.56. Stop Loss: above 72.00, Take Profit: 61.50 – 53.60. Alternative scenario: Breakout and consolidation above the level of 71.56 will allow the asset to continue rising to the levels of 77.90 – 83.75. A buy signal: the level of 71.56 is broken to the upside. Stop Loss: below 71.10, Take Profit: 77.90 – 83.75. Main Scenario Consider short positions from corrections below the level of 71.56 with a target of 61.50... Read full author’s opinion and review in blog of #LiteFinance
 
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