Crude Oil kicked off and went nicely to plan

Crude Oil kicked off as expected through 54.90 and extended the leg up to 56.01 highs. We are now watching to see what happens on the pullback to see if buyers are going to show some interest around 55.00 and try for new highs. The current anchor to the move up is at 53.65 so there is a bit of room to contract lower before the buyers continue the move.