Crude

If crude bottomed at 36.16 consider the recent moves as minor waves i and ii. Now if the larger 3rd wave up starts where do we go. Someone asked me 3=1 is greater than 70$. Dont jump to conclusions as even if that is true it will be much slower and time consuming to achieve than wave 1 that came from the depths of a deflationary panic. So take it level by level. Right now if we just get back above the 40dema at 40.67, its a big deal. A retest of the 44 high then will be possible.