What is the Best Entry Price for Oil Today?

Oil finally gave us a healthy Elliott Wave corrective retracement. It could go as far as $36.30 before more momentum comes in. The Kovach OBV is still pretty bullish, while the Chande is registering a nice dip. Current levels ($37.25) might provide a nice entry, but keep a tight stop loss. Note that both of the levels mentioned are strong Fibonacci levels.