Having said that, nothing on the lower timeframes suggests a short will happen "right now"...so I'm biased long for the short term. No clue how much higher it will go, but 200pips are totally possible.
My LITS is at 57.15. Above I'm after longs, below only after shorts. I'll focus on long signals around the marked spots...so Tenkan Sen, Kijun Sen and then the upper cloud boundary. Entering long at the lower boundary would really require a great signal because if it breaks I'll switch back to my medium term bias (short).
Should be an interesting week for oil . Imo if people want another short stab, this has to happen rather sooner than later or oil might have really bottomed out and start to edge towards 70 (once it survives the 60 bump).
We'll see...anyway...short term = long.