CRUDE OIL (WTI): Important Update

hey guys,

I am asked a lot about oil prices and what to expect this and next week.
the answer is simple: I don't know :D

BUT
what we may conclude from the recent price action is that the price is bottoming.
looks like 49.50 is an important level for the market so we see a double bottom formation on that.

following a strong bullish reaction today, It feels like 52.0 might be reached soon,
and this level will be a decision level for crude.

in case of a bullish breakout, the next goal for buyers will be shifted to 54.5 level.

in case of respect of structure, the market will retrace to the current low with potential bearish continuation.

let the market decide before taking any action!
good luck!