US oil may rise into $64.17-$64.72 range - Reuters News

A Reuters report says oil is witnessing an extended fifth wave and could rise to $64.17-$64.72 range. 

Key quotes

"The resistance is identified as the 200 percent projection level of an uptrend from $49.10. Wave pattern suggests that oil is riding on an extended fifth wave, which may travel into $64.72-$65.38 range, as pointed by a rising trendline."

"From the Dec. 14, 2017 low of $56.09, the trend is full of white candlesticks. Such a pattern confirms that bulls have taken full control of the war with bears. The rise towards $65.38 could be quick."

"A correction may be limited to $62.67."