WTI continues to fall inside the sharp corrective wave 2 – which started recently from the resistance area lying between the powerful resistance level 63.000, upper daily Bollinger Band and the resistance trendline of the daily up channel from October. WTI is likely to fall further toward the next support level 59.000 (target price for the completion of the active corrective wave 2) – standing close to the support trendline of the aforementioned up channel from October. If price breaks below 59.000 – WTI can then fall to the next support level 58.000 (low of the earleir wave (ii)).