A good start butsupport at 52 and the fact that it did trade above 54 resistance invites another retest of 55 but 54 doesn't seem to be broken solidly so it all depends on the US market....Dow has its target at 8000-8100 which I think will be the top of this rally since this rally is imo nothing but based on talks...yesterday GDP and unemployment numbers don't seems to agree with Dow above 8100 yet.
If abvoe is right , I think Crude should also top at 55 for this wave...a move below 52 will take it to 50 but bear in mind Crude is now trading above its 200DMA so imo best it could do is around 46 which is where the lower trendline of this uptrend channel.
I'll be away all day today so best of luck to all HODers.