Oil has had the buy me light on since August of last year. So why now? This chart offers a few points for optimism in oil. First, there is the trio of Williams %R . They appear to have reached some kind of consensus back in the middle of December. This was followed by a loosening of the bearish grip on the shorter %Rs to compliment a divergence on the RSI. The green lines are targets and a drop bellow the red line is my stop.