{video}WTI oil futures (May delivery) have been in a steady recovery from their December bottom of 67.97, posting an almost five-month peak of 83.10 last week. However, the advance seems to be on hold for now as the price has reversed lower and formed a symmetrical triangle around the 50.0% Fibonacci retracement of the 95.02-67.97 downleg. Given that both the RSI and MACD are tilted to the upside, the bulls could attack 83.10, which is the highest level observed since November 3. Further advances could then stall around the 61.8% Fibo of 84.69. Surpassing that zone, the price could ascend to face the 78.6% Fibo of ... (full story)