The of WTI Crude Oil has been falling the last couple of weeks. But after breaking below 50.00, price stalled and was able to hold above 48.00 this week. The daily chart shows price action establishing a pivot just above 48.00.WTI Crude Oil (USDWTI) Daily Chart(click to enlarge)Rising Trendline:- The daily chart shows a rising trendline and how price action has been bouncing off of this line throughout the bullish thrust since 2016. - Last time price bounced off 47 and this time it is off 48.Monitor 52:- A rally towards 52.00 is likely. Then if price stalls at 52.00, it means bears might still be in charge and pressure could return to the 48.00 support area. - If price can push through 52, we are likely going to see extension to test the highs around 55.00.