NOW WE ARE IN THE MAKING OF A 5 WAVE MINOR ELLIOTT FORMATION. OIL IN GENERAL IS STILL WEAK AND I EXPECT A RETRACE BACK. HOWEVER, WHETHER THE AREA (MARKET WITH A CIRCLE) IS SIGNIFICANT HAS BEEN PROVEN BEYOND DOUBT. THESE MOVES ARE THE BEGINNING OF A MUCH LARGER TREND IN THE UP DIRECTION, TO A LEVEL AT LEAST 70$ A BARREL. TIME TO THINK ABOUT OIL TRADE ON THE LONG SIDE. GOOD LUCK AND TRADES.
