WTI under bearish pressure after the earlier breakout of the key support level 49.230 (which stopped the previous sharp downward impulse wave 1 in February). The breakout of this support level accelerated the active impulse wave 3 – which started previously from the resistance area lying between the powerful resistance levels 54.000 and 55.000. The aforementioned price level 49.200 is acting as the resistance after it was broken. Given the strength of the active impulse wave 3 and (3) – WTI is expected to fall further toward the next support level 47.000.