Now we need to see if this rally has the power to break through the March 26th swing high or it if makes a lower high. If it makes a lower high we need to see the April 1 swing low break before we can say the bears have taken control. Until then we just sit and watch.
I think Crude will break through the March 26th highs based on the MACD. If you notice the price made a lower high on March 26th compared to the January 6th high but MACD made a higher high.