NYMEX:CL1!   Light Crude Oil Futures
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I see this latest Monthly candle as being a good sign of new Bullish sentiment coming into a Support/Technical area.
I would be going long above the high of the Monthly Pin Bar but my entry would be on a lower time frame.
Would be good to see the price of Oil             above 80 towards 90
it does look like a Monthly hammer! though we shall wait for 31 Aug to confirm
the opening price of the daily, weekly and monthly relative to this hammer would be a gauge of bull strength, however, i do see some retracement first in smaller tF before it goes up again and target will be first subjected to how price react at the blue downtrend line
snapshot
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