Keep in mind most of my trades are made from a minimum TF of Daily. I'm expecting price to rise and cap out at around $53. If price continues any higher than that not only will I be surprised but I will look to hold until the 2016 highs of $52. If it breaks higher than that then you know the deal, ride the trend.
Multiple technical indicators say buy oil here after OPEC reaffirm cuts. 4.4:1 trade shown.
Upward wedge on WTI. Purchase till TL rejection of PRZ zone at 55.
When I drew the tramlines and fib, they matched. I then noticed the gap between the 61.8% and 50% fibs. If you add in support and assume OPEC will agree cuts next week, then you have five pieces of evidence which point to the same thing.