WTI on daily - Possible 5th wave on daily, with still more space to 4th wave re-test. On long term outlook seems we already confirmed that retracement last leg, but fundamentals are pointing towards that level once again (at least for now since there are still no reactions on catalysts). Over priced oil, many may agree, still bullish bias is still around. Will stay as observer this time and wait more suitable opportunities to enter. Watch 60 as next support and 63.87 still valid resistance as historical pivot point and last resistance level. ''Crude oil settling into $50-$65/bbl 'fairway,'' BP CEO Dudley says - still remains to see as we're definitely more dependable on demand in economic co-relations. On bigger moves will re-post and most probably place some trades. Stay tuned!