WTI under bearish pressure following the earlier failed attempt to break above the key resistance level 42.00 (former top of wave (A) from the middle of June). The resistance area near the resistance level 42.00 was
strengthened by the upper daily Bollinger Band. Given the clear bearish divergence on the daily Stochastic indicator – WTI is likely to correct down further in the active impulse wave C toward the next support level 40.00 (former low of the corrective wave A from the start of July).
