After peaking on day 18 oil printed its lowest point on Tuesday, day 25. That placed oil on the early end of its timing band for a daily cycle low.
Oil formed a swing low and close above the declining trend line on Wednesday. This confirms a new daily cycle.
Oil continues to close above the upper daily cycle band. Oil is in a daily uptrend and will remain in an uptrend until it closes below the lower daily cycle band.
This is week 13 and oil printed another higher weekly high. A close above the upper weekly cycle band means that oil is establishing a weekly uptrend.