As indicated in our analysis for Week 11, Oil has been kind of nearly going sideways with a hint of negative bias. We have closed all our Shorts and are now Long with a trailing stop. We shall continue to take Long positions even if we get stopped out because of market volatility or some disturbing news until it decides to break below 65. If it breaks below 65, we shall wait to see the formation of a new Supply zone. Otherwise, we shall stay long until 70 and then resume our Long position, if it breaks above 72 or go Short if there is a SUPPLY zone formation between 70 and 72.