WTI recently reversed up with two consecutive Japanese candlesticks reversal patterns Doji from the support area lying between the key support level 57.700 (which also reversed the price in December), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from October. The upward reversal from this support area started the active (b)-wave of the ABC correction 4 from the start of January. WTI is likely to rise further toward the next round resistance level 60.000 (former support which reversed wave (iv) last month).