Oil (4H) / Primary Elliott Wave Count. Beware of Alternates!
Oil is tricky, as always. Plenty of possibilities here. We could be in a traditional impulse with an extended W3 (instead of an impulse with an extended 5th, typical of oil prices). Another possibility is that we would be starting the C leg of a flat 2 relatively soon. If the indices are at the beginning of their W3, the latest may be in play in oil.