CRUDE OIL — ELLIOTT WAVE SETUP

Based on the current Elliott Wave formation: 🔹 Wave X may be complete, and Wave Y may be starting. 🔹 108 = Key invalidation level Below 108: → Wave Y downside scenario remains valid → 75 becomes the major downside zone to watch. Above 108: → Current Wave Y downside count becomes invalid → Bullish continuation scenario opens up. Key Level: 108 Wave Y Start → Below 108 Invalidation → Above 108