WTI Crude Oil Wave Analysis – 23 October 2026

WTI Crude Oil Wave Analysis – 23 October 2026

WTI Crude Oil: ⬆️ Buy

– WTI Crude Oil broke resistance level 100.70

– Likely to rise to resistance level 106.70

WTI Crude Oil recently broke the resistance level 100.70, which stopped the previous impulse wave i in the middle of September.

The breakout of the resistance level 100.70 accelerated the active impulse wave iii of the higher order impulse wave 3 from the start of October.

Given the clear daily uptrend, WTI Crude Oil can be expected to rise further toward the next resistance level 106.70 – which stopped wave B at the end of April and wave ii in the middle of May.