There appears to be a price range currently serving as support (37.500) and resistance (41.500). On the 1 week chart, oil seems to be heading towards the resistance 41.500 as highlighted by the failed attempt to break through the 4 hour pivot point (40.00). There is a possibility of it retesting the pivot point but In the long run oil is most likely to reach the resistance 41.500 before there’s a significant drop.