WTI recently broke the support area lying between the key support level 72.80, 50% Fibonacci correction of the upward price impulse from the middle of June and the support trendline of the narrow up channel from the end of May. Given the worries about the demand for oil on reports of the accelerated spread of the Delta variant – WTI can be expected to fall further toward the next support level 72.00 (low of the previous correction from the end of June and the target for the completion of the active wave (ii)).