If you like watching paint dry you will love this video. Sorry about the abrupt ending-for some reason my camera decided to shut itself off spontaneously.
After burnishing a bit with the butt of your palm, wipe off whatever little oil remains with a paper towel and hang the guitar. The next day wipe it down again and examine carefully. You can move to using a bit of Meguiar's 7 or Novus 2, but if you decide to use these do so sparingly; and let the finish cure for at least several days before you do so- it all depends on to what level you want to take the polish.