Always hard to say just looking at charts, looking at past trends, projecting continuation of reversal into the future.
There is an interesting side-story to oil, dependent in some measure to the advance of LENR sources of energy that may become a new player on the scene. This has been discussed before, but I for once would not be too bullish long term on Oil, between oversupply and risk of new energy paradigms in the next 5-10 years Oil may just become cheaper and cheaper. Trading swings may work, as we know...