OIL tactical pullback or beginning of something bigger?

NYMEX:CL1!   Light Crude Oil Futures
123 0 3
Oil             fell below $48 a barrel on Thursday, pressured by a stronger dollar and as a surprise increase in U.S. crude inventories. Oil             came under pressure, as the minutes of Fed's meeting were too hawkish about interest rate increase.
Other mettals also came down.

Oil             is in Bull Channel after break of major downtrend in the end of February. Still above all key moving averages. But I don't reccomend to chase and buy this one here, as we don't buy highs of bull channel . After reversal candle with top at $48.95, it followed through to the downside.

Trade management:
There is still room to the downside with Risk/Reward 1:1. My first target is trend line and 21 EMA at $45.15. Then, if it breaks down, we can see $43.20
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