WTI Price at Risk of Breakdown to $77.30

US Crude Oil spot (WTI) is currently interacting with the 0.618 Support Arc, according to an analysis of the 1h chart using Arc Cycle Analysis.

The price is breaking this Support Arc, indicating a potential bearish breakdown towards the next Support Arc, which could lead to further decline in value.

According to the analysis, if the price sustains below the current Support Arc, it may result in a move towards the next Support Arc at $77.30 (0.786 Arc).

However, if the price fails to achieve a sustained 1h close below the Support Arc, it would invalidate the bearish scenario and shift the outlook towards the next Resistance Arc.