Oil prices in 2017 has been choppy with a bearish bias. Overall, I think there is no clear trend, and if oil prices drop to a key support with momentum indicators signaling oversold conditions, we should anticipate support. For USDWTI, it should be around 40.00.WTI Crude Oil (USDWTI) Daily Chart(click to enlarge)No Clear Trend:- Even though price rallied in 2016, we can see that the bull run fluttered towards the end of the year. - Price was still making higher highs and higher lows going into 2017, but this stopped after price retreated in March.- Since the March dip, we have been seeing lower highs and lower lows. Support- The 40-42 area is a support zone. - I think we should start anticipating support. - If the RSI and price develops a bullish divergence (where price makes a lower low, but the RSI makes a higher low), then we should anticipate a rally. Outlook:- From the 40-42 area, I think we can anticipate a rally towards at least 47, which would be the middle of the range seen in the daily chart.- The next couple of targets would be the psychological level of 50, and the 2017 high, and range resistance around 55.- For now, without a clear trend, let's cap the most aggressive bullish outlook to 55.