WTI crude oil Technical Analysis Report 21 November, 2025

WTI crude oil be expected to fall further to the next support level 56.00 (which has been reversing the price from April, as you can view from the daily WTI chart below).

• WTI crude oil broke the support zone
• Likely to fall to support level 56.00

WTI crude oil is under the bearish pressure later than the price broke the support zone between the round support level 58.00 (which reversed the price with the daily Morning Star earlier this month, as can be viewn from the daily WTI chart below) and the 61.8% Fibonacci correction of the upward impulse from October. The breakout of this support zone accelerated the active impulse wave C, which belongs to the extended multi-month downward ABC correction from June.

Given the strong daily downtrend and the bearish sentiment viewn across the crude oil markets today, WTI crude oil be expected to fall further to the next support level 56.00 (which has been reversing the price from April, as you can view from the daily WTI chart below).

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.