2026.11.13 2026.11.13
WTI: Elliott Wave Analysis and Forecast for 13.11.26–20.11.26

Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/

Major Takeaways

• Main scenario: Consider long positions from corrections above 84.25 with a target of 107.00–115.50. A buy signal: the price holds above 84.25. Stop Loss: below 82.75, Take Profit: 107.00–115.50.
• Alternative scenario: Breakout and consolidation below 84.25 will allow the asset to continue declining to the levels of 78.30–73.40. A sell signal: the level of 84.25 is broken to the downside. Stop Loss: above 85.75, Take Profit: 78.30–73.40.

Main Scenario

Consider long positions from corrections above 84.25 with a target of 107.00–115.50.

Alternative Scenario

Breakout and consolidation below 84.25 will allow the asset to continue declining to the levels of 78.30–73.40.

Analysis

On the weekly chart, a descending correction has likely finished developing as the second wave of larger degree (2) and an ascending third wave (3) is forming. On the daily time frame, the first wave of smaller degree 1 of (3) has apparently formed, a downward correction has been completed as the second wave 2 of (3), and the third wave 3 of (3) is developing, with wave i of 3 still unfolding as its part. On the H4 time frame, wave (iii) of i has formed, a local correction has been completed as wave (iv) of i, and wave (v) of i has started developing. If the presumption is correct, WTI will continue to rise to 107.00–115.50. The level of 84.25 is critical in this scenario as a breakout below it will enable the asset to continue declining to the levels of 78.30–73.40.

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