Market Overview
WTI Wave Analysis – 26 November, 2021
November 26, 2021 @ 19:28 +03:00
![WTI Wave Analysis – 26 November, 2021 WTI Wave Analysis – 26 November, 2021](https://fxpro.news/wp-content/uploads/2020/04/crude-oil-OPEC-640x360-1.jpg)
• WTI under strong bearish pressure
• Likely to fall to support level 67.35
WTI under the bearish pressure today after the price broke the two key support levels – 74.85 (low of the previous impulse wave 1) and 73.00 (low of the correction (iv)).
The breakout of these support levels accelerated the active minor impulse wave 3 – which belongs to the sharp downward impulse wave (C) from the start of November.
Given the global deterioration of risk sentiment on the discovery of the new Covid variant – WTI can be expected to fall further toward the next support level 67.35 (low of wave 2 from September).
![](https://fxpro.news/wp-content/uploads/2021/11/wtiusd-primary-analysis-nov-26-1802-pm-1-day-1024x501.png)