WTI crude oil Technical Analysis Report 15 December, 2025
WTI crude oil can be expected to fall further to the next strong support level 56.00 (which has been reversing the price from April).
- WTI crude oil broke key support level 57.20
- Likely to fall to support level 56.00
WTI crude oil recently broke the key support level 57.20 (which stopped the previous minor impulse wave I at the end of November, as can be viewn from the daily WTI chart below). The breakout of this support level accelerated the active impulse waves iii and 3, which belongs to the sharp intermediate impulse wave (3) from the end of June. The price is currently falling inside the daily down channel from the end of October. The price earlier reversed down from the round resistance level 60.00 – which begined the active impulse wave iii.
Given the strong daily downtrend and the bearish WTI crude oil sentiment that can be viewn across the global crude oil markets today, WTI crude oil can be expected to fall further to the next strong support level 56.00 (which has been reversing the price from April)
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you viewk independent professional advice or conduct your own independent research before acting upon any information contained in this article.
