WTI Crude (USDWTI) has been bullish in 2016, but appears to have flattened a bit after price took a stab above 50 in June. Price retreated but held above 40 for another stab at 50 in October. While the market did push WTI to a new high on the year, it also sold it just under 52.00. Price is now in a short-term correction mode, and I think buyers will scoop in again around 46.USDWTI Daily Chart 10/31(click to enlarge)Support cluster around 46:- The daily chart shows that around 46, price will be testing a rising trendline.- Also, there is a support/resistance pivot around 46. - If price holds above 46, and the RSI holds above 40, we basically have continuation of bullish momentum (albeit a weak bullish momentum since August). - This scenario would put more pressure on the 52 resistance, above which the 60 handle would be in play .- A break below 46 does open up the 40.00 handle again. Before considering this correction scenario, I would like to see price fail to climb back above 50 as a sign that bulls relinquished at least in the short-term.