¡@2006 Light Crude Oil

  

It just rised over the top of 1st wave, so we can be certain that it's now in 3rd wave.  If you bought it before, you can buy more.  Stop loss is quite low, which is $68.  This one I'm expecting to see it over at least $85 in about half year before a huge correction of 4th wave. 

¡@

In very short term, my expectation is a Zig-Zag correction.  But I don't suggest to short because it's in the 3rd wave.  Better choice is to long it at the end of the correction.  If the Oscillator is below zero, then it's a signal of almost the end of this correction.  Oscillator is currently at 0.41, it should retrace a little bit.

¡@

¡@

Roy