Technical View on Crude Oil

Crude Oil since Dec 2008 is not able to cross & sustain above 50$, which is the major resistance.
At the bottom of the Crude Chart i.e. on 15t Jan 2008 we can notice a "Bullish Engulfing Candle Stick Pattern" which suggests that the Crude has made as short term reversal Pattern. A move above 50$ will conform the further up trend.