Is The Crude Oil Current Rally Done ?

Looking at the daily continuation chart for Crude Oil futures since the record highs were made back in 2008, I notice that the current rally has sent prices to the 61.8% Fibonacci retracement from the all time-highs to the 2009 lows. This  is  a significant retracement level, which if violated, we may see a potential test of the all-time highs ! However, should this key resistance level hold, a pull-back to the 50% retracement near the 90.00 area would not be a surprise.

The next major chart resistance level above the current price is not found until the 110.50 area, with minor support seen at 100.00 and chart support all the way back towards the 93.00 area.


But since I cannot find any bearish divergence at the MACD at this moment, so I think there may still be some upside to go.