Crude oil created a series of falling highs and falling lows since the peak in 2008. After a 14-month low, Crude Oil created a series of rising lows and created a potentially bullish ascending triangular pattern. This pattern gives the probability of price direction in 66% of cases.
At the moment, the level of $ 55 plays the role of tough resistance. If the level breaks $ 55, then Crude oil can gather in the $ 63 zone. If this happens, Crude Oil can attract buyers.