WTI crude oil recently broke the support area located between the support trendline of the daily up channel from the end of December and the 38.2% Fibonacci correction of the previous upward impulse from last month. The breakout of this support area accelerated the active minor corrective wave (iv) from the start of February. Given the deterioration of the risk sentiment seen across the commodities markets today WTI crude oil can be expected to fall further toward the next support level 86.00 (target for the completion of the active minor corrective wave (iv)).