One of my colleague on net need long term Elliott wave analysis on WTI Crude Oil. 

As above chart shown, we are in blue wave 3 of red wave C of green wave [II].  We will project the ideal target of  blue wave 3 round about 35-32 area where we expect correction towards 50 in blue wave 4. Once blue wave 4 completed, next decline in final red wave 5 will be started and ideal target for this wave will be near important support 10 (also big psychological level)  where red wave (C) as well as green wave [II] place long term bottom and next impulsive rally will start in green wave [III] towards 200 or even higher.

muhiuddin