WTI Crude Oil price $USDWTI has broken above a month-long consolidation range.USD/WTI Daily Chart(click to enlarge)Bullish Breakout:- Price has been consolidating since mid-February into mid-March. - The range was between roughly $55 and $58.- The breakout occurred last week, and price is holding above the range to start this week.- We should anticipate upside towards the next key level around $62. Resistance:- We can expect the resistance in the $61.80-$63.80 area. - The 200-day simple moving average (SMA) is in this area. - Also, $61.80 was a previously key resistance. - The $63.80 area represents a previous support area. - If there is still downside pressure on USDWTI prices in the medium-term, we might see the RSI hold under 60. The RSI is likely going to be close to 60 if price does push into the $61.80-$63.80 area. USDWTI Weekly Chart(click to enlarge)