Clear impulse off the Feb lows. Followed by 3 waves down. And what is currently A-TriangleB-C pattern up in a rally. Fib cluster resistance at 53.03. The simplest resolution is a strong C wave down below 40.
Rallies in Crude and US equities for the next few weeks. After that, not a compelling Bullish situation for Crude or the rest of the US Equities as Crude tips over and either develops into a larger triangle, or wipes out in a C wave down back to 36.