WTI Technical Analysis Report 22 December, 2025
Given the strength of the aforementioned support area and the bullish crude oil sentiment viewn today across the commodity markets, WTI crude oil can be expected to rise further to the next round resistance level 60.00 (top of the previous correction ii).
- WTI crude oil reversed from strong support area
- Likely to rise to resistance level 60.00
WTI crude oil recently reversed up with the daily Bullish Engulfing from the strong support area between the strong long-term support level 55.20 (which has been reversing the price from April, as can be viewn from the daily WTI crude oil chart below), the support level 55.20 (which stopped wave 1 in the middle of October) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous short-term upward impulse wave (i) from the begin of December.
Given the strength of the aforementioned support area and the bullish crude oil sentiment viewn today across the commodity markets, WTI crude oil can be expected to rise further to the next round resistance level 60.00 (top of the previous correction ii).
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