These two charts say it all. Bullish Intermediate cycle uptrend meets the 3 year cycle downtrend resistance.

Screenshot 2016-04-22 20.45.45 WTIC LT 2016-04-20 18.53.04

Added: A 27 year view on Crude Oil price channels (stock charts does not have data before 1990).

Screenshot 2016-04-23 08.28.25