ON THIS WEEKLY CHART AND AS PER MY CURRENT COUNT, OIL SHOULD BE CLOSE TO REACH A LEVEL OF STRONG RESISTANCE. WE ARE BACK AT A PREVIOUS STRONG RESISTANCE/SUPPORT LEVEL. IT IS ALSO BACK TO THE 4TH WAVE AT A SMALLER DEGREE OF TREND. IT HAS ALSO RETRACED A BIT MORE THAN 0.382 OF WAVE 3 CIRCLE. THE RSI IS ALSO IN OVERBOUGHT TERRITORY.I WOULD EXPECT OIL TO START ROLLING OVER FROM CURRENT LEVEL OR SO ( UP TO 70S) AND START WAVE 5 CIRLE DOWN TO NEW LOW. LOOK ON A DAILY CHART OR 4 HOURS CHARTS TO FIND CONFIRMATION OF CHANGE OF TREND ( BEARISH CANDLE STICK FORMATION OR BREAK OF TREND LINE). JUST MY THOUGHTS FOR A LONG TERM ROAD MAP !!