Crude oil prices surged more than 33.3% off the yearly lows with a stunning seven-week rally now vulnerable into key resistance at the yearly highs. While the medium-term outlook remains constructive, the advance may be vulnerable here and the focus is on this pullback off resistance. These are the updated targets and invalidation levels that matter on the WTI weekly technical chart. Technical Outlook: In last month’s Crude Oil Price Forecast we noted that the WTI bulls had taken charge with a breakout of a multi-month consolidation pattern, “approaching a cluster of key technical considerations and the first real ... (full story)