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.