WTI Crude Oil was stalling at a cyclical low as noted in the previous update: WTI Crude Oil Might Rebound From a Cyclical Low. After the end of the trading week, we can see that price indeed rebounded and in a hurry.USDWTI Daily Chart(click to enlarge)Key Resistance Ahead:- Looking at the daily chart above, we can see a key resistance pivot around 52.00.- As price tests this area, the RSI will also be around 60.- If the market started a bearish trend, we should see price hold under 52.00 and the RSI hold under 60.- Therefore, we should monitor the 52.00 area next couple of weeks. - If price pushes through 52.00, WTI Crude Price should test the 54-55 highs, with a good chance of breaking higher, in-line with its prevailing uptrend. Support:- Now if price retreats, let's see how it reacts around 49.00. If price can hold above 49.00, there is still upside. - Otherwise, if price retreats before cracking 52 and than falls under 49.00, we should anticipate a stronger bearish swing lows the 43-44 lows.