Crude Oil a bull run is on the way

As per this daily chart a 5-3 move is already complete up till the 39 level, now as per the Elliott Wave the progression should be 5-3-5 in both cases.(Case 1 : Impulse, Case 2 : Correction ), hence using the basic Fib. extension the target are
T1 - 64 mark (100%)
T2 - 70 (123.6%)
T3 - 80 (161.8%) Maximum in case of non extended wave.
SL - 42 (Should be trailed as the market moves in the upward direction)
Based on this analysis atleast the 64 mark should be achieved.