WTI Crude Oil Technical Analysis Report 6 November, 2025
WTI Crude Oil can be expected to fall further further to the next support level 56.00 (which has been reversing the price from the begin of April).
- WTI Crude Oil reversed from resistance area
- Likely to rise to fall to support level 56.00
WTI Crude Oil recently reversed up from the resistance area between the major key resistance level 62.0 (former support from August and September, which has been reversing WTI from the begin of October, later than it was broken, as can be viewn from the daily WTI Crude Oil chart below), upper daily Bollinger Band the 50% Fibonacci correction of the downward impulse from the end of September. The downward reversal from this resistance area continues the active impulse wave C from the end of August.
Given the multi-month downtrend, WTI Crude Oil can be expected to fall further further to the next support level 56.00 (which has been reversing the price from the begin of April).
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