It looks like WTI is nearing the APEX of a Symmetrical Triangle. WTI has topped out on the top side of the descending channel multiple times over the past month or so, while WTI has dipped below the upward sloping line that goes back to April of 2016. That being said, WTI is nearing the APEX of both of those lines, and todays price action, with WTI pushing back north of the upward sloping trend line lays out the real possibility of WTI busting out (or busting down) next week. My gut feeling is it will bust out above the top of the descending channel. If that happens, then I think WTI will hit some resistance at $52 and then $54-$55, but if it can break out above the descending channel, then it should mean we could eventually see $55-$62 yet this year (although, who knows, we could just as easily see $42 again too).