Oil Buy Opportunity

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Most recent bullish engulfing lets us know there's more buyers than sellers in the market currently. We've been trading between about $67 and $70 and that could possibly continue until the market makes its mind up. Overall bullish pair w/ M.A's up on the Monthly and Weekly and a potential cross to the upside could be in the works. 8 hour 3 pin pattern w/ 8EMA acting as support. 4 hour Morning Star formation off a 38.2% retracement closing above 8EMA. 1:1.4 R:R