There're Four reasons to long Oil: 1) Bullish Crab 2) An accelerated decline in "e" subwave 3) "C" is an accelerated decline which has broken out the decline channel. Once broken out the trend, it would slow down and change. 4) The gap at $40 was closed.
Two signal to buy as stated in chart.
TG1: $42 TG2: $43.5 TG3: to be confirmed
Trade active
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I've already longed at 39.5, now it's broken out the channel. It's an possitive signal to buy after retracement.