LOADED: Two Day rally in oil should get us to 56.50

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Hadapan Minyak Mentah Ringan (NYMEX:CL1!)

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NYMEX:CL1! Hadapan Minyak Mentah Ringan

Pretty clear Elliott Wave count here IMHO... long drawn out 4th wave that some think already included a last push 5th wave, I don't see it that way. Wave 1 was $4.5 the day after Christmas, I think we will get a similar size move over the next two or three days. Crazy thing is the market can rally that far and still be under the trendline - which is why people won't see it coming.

5th wave blow-off rallies also reverse quickly - I think we will be right back where we are now by the end of the week or early next possibly. From there we may be back to resuming the uptrend completing the Head & Shoulders. Lotta predictions in here though, easy to be wrong on any or all... or perhaps it's a moment of clarity.

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