After a strong impulsive move oil
has taken trendline
ressi. and now its all set and ready to blast in coming few weeks. therefore, its has eventually formed two patterns 1. bullish pennant
and 2. descending triangle
. we just need to play safe as per chart currently once its reached support zone
our buy will going to trigger on 59.5 and SL would be on closing daily basis 57 target would be near to 65-67. these are just my view kindly dont considered as a recommendation before any kind of buy/sell do your own research as well. if u have any kind of doubt regarding chart details then,comment happy to answer all.