WTI Crude Breaks Technical Floor, Signaling Sustained Selloff May Keep Prices Low Through Month End

WTI crude oil futures broke below the support of a symmetrical triangle on longer-term time frames on May 25, a technical pattern that analysts say signals a sustained selloff could be in the cards. The breakdown came as the front-month June contract traded near $92.13, according to Barchart data, keeping the commodity well below the $90 threshold that would trigger the low price for May.

The May 25 analysis from Fxdailyreport noted that the break of the symmetrical triangle support indicates the decline may have further room to run, with the next technical levels to watch being the Fibonacci retracement zone around $93.69 and the 52-week low of $50. The breakdown coincides with the final days of trading for the May contract cycle on the CME, where the last trading day for the May 2026 WTI futures contract has already passed.

The CME Group, which lists WTI crude oil futures as the world's leading oil benchmark, offers a range of contract sizes and expirations designed to suit different market participants. The May 2026 contract, designated by the ticker CLK26, posted a last price of $92.13, according to Barchart, with a 52-week high of $117.63.

The May 25 analysis concluded that the longer-term time frame breakdown could signal a more sustained selloff ahead. Traders are watching whether the front-month June contract can hold above the $86.30 Fibonacci 50% level or whether further selling pressure could push prices toward the $78.91 Fibonacci 38.2% level.

The next key real-world catalyst is the monthly inventory report from the U.S. Energy Information Administration, scheduled for release later this week, which will provide the latest snapshot of supply and demand balances that drive price direction.