Crude Oil Aiming For $50 Per Barrel

Crude oil made a strong leg up the previous week, it broke above 47.50 swing so it appears that market can be in wave three of three after decline to 45.37 proved to be a corrective; ideally wave 2. As such, a sharp rise may continue through the next few days up to around $50.00/$50.50 per barrel while market is above 45.37.

Crude oil, 4h