WTI Important update: I Expect a Move Towards $86 Before a Recovery

Looking at the December 2026 WTI futures contract (CLZ2026) on the 4H chart, I still believe the current sell-off has a little further to go. In my opinion, the $86 area remains an important destination, considering its position within the current market structure and the Discount zone visible on my chart. The recent break below the rising trendline also supports my expectation that buyers may need to defend a lower area before attempting another recovery.

What I would personally expect afterwards is a retracement towards the broken trendline, potentially followed by a retest from below. That reaction could be particularly interesting because it would show whether the former support has now turned into resistance. This is my preferred scenario at the moment, not a certainty. I'll be watching how price develops rather than trying to anticipate every move.