Crude Oil is has broken the previous top of $50.39 on Day Chart is and is looking strong. Also you can notice that Crude Oil is slowly and steadily shifting from a bearish to bullish outlook, a possible " Rounded Bottom Pattern". The rounded bottom pattern is formed when the market slowly and steadily shifts from a bearish to bullish outlook. The prices take on a bowl shaped pattern as the market slowly and steadily changes from an upward to a downward trend and vice versa. Although the bowl shaped pattern is still not clear.
If Bowl Shaped pattern is confirmed then crude can test the level of $110 from where the pattern had begginned. Intermediate Upside targets for crude are 62-72-81-92. Support for the Cruce Oil are $50-47.50-44.50