WTI Crude Oil Commodity Elliott Wave Technical Analysis By Tradinglounge

✅ Try TradingLounge for just $1 for two weeks, then only $29/month (SAVE 58%!) 📈 Gain access to 8 professional analysts, real-time chat, AI-powered Elliott Wave charts, and strategic trade setups for 250+ markets. 👉 Start Your Trial Now WTI Elliott Wave Analysis – Trading Lounge Outlook WTI Crude Oil Technical Overview Trend: Bearish Structure: Double Zigzag Outlook: Continuation Lower Toward Sub-$50 Levels Summary: WTI Crude Oil is expected to extend its decline after completing a minor bounce that ended around June 22, 2025. The broader outlook remains bearish, with the current structure indicating that the commodity is still within a long-term corrective phase that began in March 2022. As the structure remains incomplete, the downside bias continues with targets below $50. WTI Elliott Wave Analysis – Daily Chart The daily chart of WTI shows the commodity engaged in a long-term corrective decline since March 2022. This movement is correcting the impulsive rise that began in April 2020. The current correction is forming a double zigzag pattern, with wave (w) and wave (x) completed in March 2023 and September 2023, respectively. Wave (y) is actively unfolding. Within this leg, wave w and x of (y) concluded in April 2025 and June 2025. The final wave y of (y) appears underway and could push prices further below $50 in the near term. WTI Elliott Wave Analysis – 4-Hour Chart The H4 chart reveals further short-term bearish structure. WTI appears to have completed waves (1) and (2) of ((A)) of wave y. As long as the price remains below the $69.7 level (wave (2) high) and more significantly, under $78.4 (wave x high), selling pressure is likely to dominate. Wave (3) of ((A)) could push prices down toward the $49–$46 range. Sustained trading beneath these key resistance levels would reinforce the bearish momentum expected in the coming weeks. Technical Analyst: Sanmi Adeagbo Visit TradingLounge.com for in-depth market analysis and expert trading strategies. ✅ Try TradingLounge for just $1 for two weeks, then only $29/month (SAVE 58%!) 📈 Gain access to 8 professional analysts, real-time chat, AI-powered Elliott Wave charts, and strategic trade setups for 250+ markets. 👉 Start Your Trial Now YOU CAN REACH ME via: LinkedIn:https://linkedin.com/in/petermathers Facebook: https://www.facebook.com/tradinglounge/ Twitter: https://twitter.com/tradinglounge https://tradinglounge.com/discount Special Trial Offer - Buy 3 months subscription and get 5 Months! Click here https://tradinglounge.com/341 7 Analysts Over 200 Markets Covered Risk Disclaimer - This is not financial advice. The material does not contain (and should not be construed as containing) personal financial or investment advice or other recommendations, or an offer of, or solicitation for, a transaction in any financial instrument. The information does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Tradinglounge accepts no responsibility for any use that may be made of these comments and for any consequences that result. Tradinglounge™ uses a range of technical analysis tools, such as Volume Analysis, Trading Levels, Elliott Wave, software, and fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our Trading Lounge™ websites and our Trading Lounge™ Membership and social media platforms has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, trading lounge takes no responsibility whatsoever for your trading losses or profits This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading all and any financial products. #WTI #CrudeOil #ElliottWave #OilMarket #WTIAnalysis #DailyChart #H4Chart #BearishTrend #WaveY #DoubleZigzag #WaveCount #OilPriceForecast #WTIUpdate #TechnicalAnalysis #WaveStructure #OilCorrection #CommoditiesMarket #PriceTargets #EnergyTrading #TradingLounge