Light Crude Oil (CL) has decisively broken below the April 2025 low of $55.12. This breach confirms a continuation of the bearish sequence that has persisted since the March 2022 peak. The short-term decline from the October 24, 2025 high is unfolding in the form of a five-wave Elliott Wave impulse, which provides a clear structural framework for the ongoing weakness. From the October 24 peak, wave ((i)) concluded at $57.10. The subsequent rally in wave ((ii)) developed as a zigzag Elliott Wave structure. Within this corrective phase, wave (a) terminated at $59.97, wave (b) ended at $58.28, and wave (c) advanced to $60.50. This final push completed wave ((ii)) at a higher degree, setting the stage for renewed downside pressure. Oil then turned lower in wave ((iii)). From the termination of