I know there are few threads dealing with crude here, but I thought to open this one to address specifically crude direction from a technical analysis stand point. On a daily chart, and using elliott waves, I have a wave 5 target at 78ish that should hit in 2-3 weeks from today. On a weekly chart, I have a w3 trgt at 72 and a w5 trget at 87ish in about 20 weeks from now,ie Jan, 2006. Given the controversy of elliott wave counts, I would suggest to concentrate more on alternative waYs of finding targets than on analysing elliott. Thx. The pandora box is open ...!!!