1-Possible Head and Shoulder completion of Right Shoulder level.
2-Short Term pattern (shown on chart in red)
3-Long Term patter (shown on chart in Blue)
3- Price at significant support (purple dahed line on chart)
4-Hammer pattern at higher Timeframes and Thrust at lower Timeframes.
5-Divergence in multiple indicators like , etc.
6-Oil reached a significant Resistance, likely to fall from current point.
Couldn't get better. Low Risk, High Gain position. Place your stops below 1.2950. This is a long term buy folks!