At the end of the week, two small sideways days do not change the overall expectation from both Elliott wave counts.
An upwards breakout continues the upwards trend. Both Elliott wave counts expect the same direction for the short term next week.
Downwards movement for Oil has unfolded as expected for the week.
The alternate Elliott wave count is adjusted slightly.
Both Elliott wave counts have targets which expect more upwards movement. A small range inside day does not change the expectation.
Upwards movement continues as the bullish Elliott wave count has expected. The bearish Elliott wave count remains valid, and the target zone has been widened.
A little more upwards movement fits the bullish wave count better, but both Elliott wave counts remain valid. Support has held.
For the short to mid term, both the main daily chart and the main bullish daily chart expected some more upwards movement. The alternate wave count is today invalidated.
Price remains below resistance and above support. This week the trend reaches extreme and conditions are overbought. All three Elliott wave counts remain the same.