I'm looking at a solid setup for OIL next week. I haven't entered yet, but I plan to go long this Monday, especially if the price hits a specific level, which might trigger a strong bullish move. I'm confident about this trade based on my analysis.

I'm currently riding a nice pump with OIL after entering at 11:06. With market trends indicating a strong upward shift, I believe this stock has significant potential in the near future for further gains.

Given the current U.S. oil production levels hitting all-time highs and the likelihood that prices might stabilize around $70, I see a favorable condition for a long position in oil stocks. This stabilization could lead to better margins for energy companies moving forward.