My view on oil is that it just completed a (B) wave and we are now in wave (C) up. The measured move target is 108.85. A sharp wave 2 pullback or sideways consolidation is due very soon, so some drawdown will have be tolerated, but as long as the 10/5 low of 68.32 remains intact, the trend should be up. Also, be aware that 5th waves and C waves in commodities often extend, so oil could move well above the target. I wonder if this may be the catalyst that gets the correction going in the stock indexes even as the dollar continues its downward slide?