For the short term traders in oil, we continue to buy all dips... 1) Oil needs to close above Wave 2, $70.80 which is B leg of the Bullish Cypher 2) 71.50 is short term resistances for oil, eventually prev. resistances will become support 3) Wave 2 is B leg of the bullish Cypher 4) C leg breakout from the 2nd cup/handle breakout 5) A retrace from $73 could set up a bearish cypher, (buy the dip) 6) Im looking for $75 oil by end of Next Week