The price of crude oil (USDWTI) has been stabilized since late December. Throughout January, it has been trading in consolidation.USDWTI Daily Chart 2/1(click to enlarge)Ascending Triangle:- We can see something like an ascending triangle that has been forming since December. - Resistance in the 54-55.15 area has held many times. - The RSI reflects a market that has lost its bullish momentum.- Still the prevailing trend was bullish, and price has been anchored well above 50.00.- Even though price has stalled, the technical picture is still bullish, with 60.00 in sight.50.00 is Key Support:- The psychological level of 50 should be a key support at this point.- If the oil falls below 50, the 43.00 pivot as well as the 40.00 handle will be in sight. - Which way will oil price break?