As of now it looks like the 3rd leg up is complete, however the placement of the double bracketed 5 is certainly questionable.
Therefore I'm discussing setups for both directions, please keep in mind that the analysis is for short term.
If this market goes below the black and retests is as a resistance then most certainly Crude will go down till the region of 50 - 49.30.
On the other hand if this market breaks the recent high then it can achieve
T2 : 51.50
I will update further as this market proceeds
Looks like Wave 5 is playing out now.
Video course on Elliott Wave + Private Group : http://50eyes.com/elliott-wave-course/
1-2-1 classess : http://50eyes.com/training-program/