WTI under bearish pressure after the earlier breakout of the support area located between the support level 36.950 (low of the previous waves A and (b)) and the 38.2% Fibonacci correction of the extended upward price impulse from the start of May. Given the rising risk-off sentiment seen across the global markets today, WTI is likely to fall further toward the next support level 35.00 (target price for the completion of the active short-term impulse wave (i)) – the breakout of which can lead to further losses toward 31.800.