Its been observed Oil making upward move from quiet a time now and forming flag and pennant pattern in its upward movement. To take new position lets wait for the breakout on either side of trend line on lower time frame of 1 hr for confirmation and then take decision until then just wait till this whipsaws get clear.
You guys can check out my last update on Crude Oil WTI in my profile where buying above $ 55 was been suggested.
A decent profit of 2.20% from $64.55 upmove has been seen into crude after the breakout. One can trail stop loss below the buying point at $64.55.