Crude Oil long on 1H

All right folks say we’re going to take a look at crude oil and that we know that energy markets crude in particular energy stocks typically have favorable seasonal bias to the upside or bullish seasonal bias at this time of the year heading into the new year, XL e XL he constituents and then crude oil futures, which we are looking at right now. So after we have come down this huge wicked little sell off that we had there on Black Friday, we come back we had come down into an area of important price structure here at the 64 area as indicated on this daily charts. Now we are pushing back up into the 618 retracement here on the 70 half level, you’ll see that we’ve got a little bit of trendline resistance coming in right here at this 7150 area. I think if we can push up and above that were looking for higher prices, longer term targeting around the 78 area. Short term if you want to place or look at some trades here. And the last few days of the holiday season, be careful now because of Finn markets. But we get we received a 123 bottom confirmation on the one hour. So this is a four hour chart, we just completed a 123 bottom on the four hour chart here. It looks like we met we just barely tagged profit objective here at around the 7315 mark. And here is that trendline on the daily, you can see it also rest up here now targets based off the 123 bottom here in on this one hour is going to put us around 7340 I would be a little bit more cautious in target right around here in this area don’t maybe hold out for that last bit of ticks. But that last bit of profit up there, I would put I would really try and target probably around 72 or at a minimum at a minimum at least gesture stops at breakeven. Keep in mind though this is the daily area of resistance that we identified over here. So we do have a little bit more room just expect that you could see some pause right there or a bit of reaction. If we get through that area though. We’ll be looking to really target around this 7230 Move stops, take profits on partial positions and then look to hold it up. Back up to the initial target here of 7340 based on the one hour notice that that’s also the 50% retracement there on the daily so that is a good target. And then you can simply stair step your stops above the swing lows along the way.