WTI crude oil Technical Analysis Report 17 October, 2025

WTI crude oil can be expected to fall further toward the next support level 55.20 (which reversed the price in April and May). Expect WTI crude oil to correct up once it reaches this support level.

• WTI crude oil falling inside daily impulse wave C
• Likely to test support level 55.20

WTI crude oil continues to fall inside the daily impulse wave C which previously reversed down from the key resistance level 62.00 (former strong support which has been reversing the price from the begin of August, acting as the resistance now later than it was broken at the begin of October, as can be viewn from the daily WTI chart below). The price earlier broke the support trendline of the daily down channel from July, which accelerated the active impulse wave C.

Given the strong multi-month downtrend, WTI crude oil can be expected to fall further toward the next support level 55.20 (which reversed the price in April and May). Expect WTI crude oil to correct up once it reaches this support level.

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.