This will correct down to 47/46 area by next Wed. But because OPEC will create a "forceful" supply and demand situation on Thursday May 25, the price will violate any technicals and rip up about 3 to 5 points next Thursday. Or basically, it will head to 56 within a month, and perhaps 60 in 3 to 6 months. That's where OPEC wants the price of oil and that's where its likely to head. Basically 47 and under is your buy range, and sell target is 56 and above in the coming months.