Oil will turn bullish if it breaks the high of 1/3/2017. Otherwise, we could either falling back to daily sideway move or a bigger bear shakeup leg. Emotionally, I am more leaning toward the market raise its base rather than a shakeup;)
The c or iii could be changed to 12/12/2016. Does not matter too much. Breaking the high of 1/3/2017 will have a correction following. Then we can adjust a bit.