Mid-term count in USOIL

I have updated midterm count in USOIL.

In brief, I do not feel very strongly about the suggested count, but I think the bullish story is not over. I expect a lot of volatility in the coming months. So far it is difficult to trade.

Where I do take a bit of comfort is that this picture is fairly consistent with SPX500 outlook and I developed them completely isolated. It's just now that I thought that they look similar. Maybe I am biased and it's my subconscious mind draws a parallel, or maybe it is a valid assumption brought unconsciously.

Another bit of comfort comes from massive support at 55.77 marked by the dark blue line on the chart.

The wedge is arbitrary of course.