I declare bottom done 37.80 and buy trend happening. BUY on dips hold for target of 51.00. Cheers as of now.

My calculations :

Thursday, 6 August 2015

Crude bottom : 38;+.25/-.25 bottom

High taken.
wave  1 ; Sqrt  of high minus 1 and square.
wave  2 ; Sqrt of low plus 0.764 and square
wave  3 ; Sqrt of high minus 3.764 and square
wave  4 ; Sqrt of low plus 1.382 and square
wave  5 : Sqrt of high minus 1.764 and square

Result : 38;+.25/-.25 bottom