WTI recently reversed down from the key resistance level 41.00 (which has been reversing the price from the start of June) – intersecting with the upper daily Bollinger band. The downward reversal from this resistance level stopped the two previous upward corrections C and (2). Given the strength of the resistance level 41.00 and the clear triple bearish divergence on the daily Stochastic indicator – WTI is likely to fall further toward the next support level 37.00 (low of the previous correction (ii) from the end of June).