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Crude oil WTI have completed impulse structure just now making an almost 12$ move up from the bottom in one month (from 42.34$ to 53.90$). There is a strong resistance 53.74$ that held the price before several times and worked well, at least for the moment today also. We left open gaps on 52$ and 49.80$ areas that should be closed before the further move up (yellow ellipses). I think it will go down for the correction from the current price until 38.2% Fibonacci retracement or 49.47$ x barrel where my TP is placed.
This is not a recommendation but a vision of mine.
Update:
Crude updated once more the local high a bit. Today it lost almost 3%, so closed now first gap on 52...$. Tp is now 49.73$