WTI oil recently reversed down from the pivotal resistance level 66.00 (which stopped the previous impulse wave 5 at the start of March)  intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 66.00 continues the active downward impulse wave (i) from the start of March. Given the strength of the resistance level 66.00, the weakening daily Momentum – WTI oil can be expected to fall further toward the next support level 63.00 (50% Fibonacci correction of the previous upward impulse wave (v)).