A bottom in crude ?

Last week marked a strong reversal in oil prices , WTI prices jumped 18% from the low set on august 24, technicians would refer to the weekly action as a "key reversal". My prediction two months ago of prices in $50-40 range , and a battle at the $40 mark was dead-on. The odds now favor the bulls for some kind of rebound, but one thing we have to keep in mind is the persistence of trends in oil prices, on the other hand, the end of the month means we also have a reversal on a monthly basis and this is bullish. Expect a continuation attempt next month.  Of note also, a reversal in copper prices. All things to put in perspective for equity markets.