NYMEX:CLU2016   LIGHT CRUDE OIL FUTURES
38 1 4
Critical time for crude. Is this an overshoot of the DTL, or something more ominous like what shown in red?
Credit to Arkady Yakhnis at elliottwavetrader.net for his assistance in Elliott Wave counts.

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I didn't mention the positive divergence on MACD, but pretty obviously. If red (iii) plays out that'll break down. My speculative long on USO will come off the table on a break of CLU6 42.97, waiting for another setup.
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