Don't know if my glasses are just too bearish, but there is something not right about this chart. I originally thought that when oil prices went sub-zero it would be the end of a big major wave 3 in the oil bear market. However, it seems to have rebounded too quickly and too high for a 4th wave. Therefore, that bottom would more likely be better classified as the first part of the third wave. The ramifications of that would be quite serious. It basically means the world is about to be flooded with oil supply and oil prices are about to go sub-zero again and stay there for a considerable time. Eeek. Just writing down what the charts seem to be telling me. Could be wrong. Almost hoping I'm wrong because the consequences to the real world would be catastrophic.