Oil crying wolf(e) again?

With Goldman being quoted as saying oil will rise again, and suddenly ... one has to wonder if they are using some form of Elliott Wave diagonal, or Wolfe wave, or what method. Or maybe they are just factoring in the diminishing volatility and creeping RSI positive divergence that's been building for many weeks now.

Anyway, USO is still above the lowest point on this chart (although with the right chart pattern, it could conceivably poke that and still work out something bullish - so be careful).

We'll see if this will be the real thing, or more like what we expect from any strength in gold this week, just a "flash in the pan"!

PS, my notes on the chart are from prior days, so not necessarily reflecting what I see in the chart today. But, it's mainly the obvious - oil needs to get a move on up and the indicators should start showing soon whether it's looking good for more than just a day.