WTI recently reversed down from the resistance area lying between the key resistance level 51.700 (former strong support from October of 2019, acting as resistance after it was broken by the previous sharp downward impulse wave (i)) and the 50% Fibonacci correction of the previous downward impulse from last month. Given the strength of the active downward impulse wave 3 from January, WTI is likely to remain under the bearish pressure and to fall further toward the next support level 49.000 (which stopped the previous sharp impulse wave (i) at the start of February).