WTI Crude Oil: Elliott Wave Analysis and Forecast for 19.12.25 – 26.12.25
WTI Crude Oil: Elliott Wave Analysis and Forecast for 19.12.25 – 26.12.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider short positions from corrections below the level of 60.15 with a target of 50.50 – 45.00. A sell signal: the price holds below 60.15. Stop Loss: above 60.15, Take Profit: 50.50 – 45.00.
- Alternative scenario: Breakout and consolidation above the level of 60.15 will allow the asset to continue rising to the levels of 66.20 – 70.00. A buy signal: the level of 60.15 is broken to the upside. Stop Loss: below 60.15, Take Profit: 66.20 – 70.00.
Main Scenario
Consider short positions from corrections below the level of 60.15 with a target of 50.50 – 45.00.
Alternative Scenario
Breakout and consolidation above the level of 60.15 will allow the asset to continue rising to the levels of 66.20 – 70.00.
Analysis
A descending correction appears to continue forming as the second wave of larger degree (2) on the weekly chart, with wave C of (2) developing as its part. On the daily time frame, a bullish correction appears to have formed as the fourth wave iv of C, and the fifth wave v of C has started developing. The third wave of smaller degree (iii) of v of C is presumably unfolding on the H4 time frame, with wave v of (iii) continuing to form as its part. If the presumption is correct, WTI will continue to drop to the levels of 50.50 – 45.00. The level of 60.15 is critical in this scenario as a breakout above it will enable the price to continue growing to the levels of 66.20 – 70.00.
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.
USCRUDE current rate in the Forex market:
USCRUDE = $56.379
Sell
56.339
Buy
56.379
Sentiment
82.7%
1-day change
-3.49 (-2.037%)
Price chart of USCRUDE in real time mode
Periods
- M1
- M5
- M15
- M30
- H1
- H4
- D1
- W1
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