Bearish Sequence Pressures Oil (CL) decrease [Video]

Mild Crude Oil (CL) has decisively damaged beneath the April 2025 low of $55.12. This breach confirms a continuation of the bearish sequence that has endured for the reason that March 2022 peak. The short-term decline from the October 24, 2025 excessive is unfolding within the type of a five-wave Elliott Wave impulse, which gives a transparent structural framework for the continuing weak point.

From the October 24 peak, wave ((i)) concluded at $57.10. The next rally in wave ((ii)) developed as a zigzag Elliott Wave construction. Inside this corrective section, wave (a) terminated at $59.97, wave (b) ended at $58.28, and wave (c) superior to $60.50. This remaining push accomplished wave ((ii)) at the next diploma, setting the stage for renewed draw back stress.

Mild Crude Oil (CL) 60-Minute Elliott Wave chart from 12.17.2025

Oil then turned decrease in wave ((iii)). From the termination of wave ((ii)), wave (i) ended at $58.08, whereas the rally in wave (ii) reached $59.05. The decline in wave (iii) is now progressing as an impulse of lesser diploma. Inside this sequence, wave i ended at $57.01, wave ii rallied to $58.19, and wave iii dropped sharply to $54.98. A corrective bounce in wave iv prolonged to $59.19, however momentum stays tilted to the draw back. Close to time period, so long as the pivot at $60.50 holds agency, rallies are anticipated to fail in corrective sequences of three, seven, or eleven swings. This technical situation suggests additional weak point forward, reinforcing the broader bearish outlook for crude oil costs.

CL Elliott Wave video