A nice U Turn correction. Brent Crude oil is about to Challenge the previous high. 1. Daily chart seems to be wave 3 now. (M....if this is valid then wave 5 might be target at 50.) 2. Correction back test 66 hours EMA average forming a very good looking U turn format. 3. Price moving up with a healthy Transaction Volume increased. 4. The correction might be classified as Push Down To Buy (PDTB) by major players.