We might see a little push up to 54.8 tomorrow. Invalidation level for this trade is 53.18 level. We might see a 53.4, during asian or european session, but I don't think we will go down further.
As Crude will complete a in wave B into a major confluence level @ 54.8 I recommend to take short position in anticipation of impulse wave C.
@ 54.8 we have
Short @ 54.5 Stop @ 54.7 Target 51.6
I think we are still in wave 4 circled, consolidating, with a potential to go a bit lower, to say 53.2x. Over all, my intermediate term (1st week of NY) view is bearish. So I would advise sell after another up leg.