Crude oil is showing a morning star on the 1-hour chart and a bullish engulfing pattern on the 12-hour chart. I’m taking a long position here.

I’ll enter around 89.7, set my stop-loss at 86.8, and initially look for a move up to around 95.
Both timeframes are signaling long, so now it’s a matter of whether price can keep moving higher.

Let’s hope this nice-looking setup doesn’t just leave me stuck watching it trade sideways after I get in…