Futures gap up! 745 AM oil sits this one out

Any other day this past week with a future's picture up like this we would be on the bull train 
to Cashville but Oil is a fickle animal and it will not be that easy. With the May contract up a mere .37 cents here and no 4 am Globex rally last night(i know of one other guy who pays attention to this event and we both consider this troubling) we have to tread lightly here. I have been speaking of this buy channel for a couple weeks now and if you drag this chart to your desktop you can clearly see we are at the top of this channel- We are still in a bullish trend but
a pull back is very likely so I am not advising 54.32 as your entry price on the buy side look for a pull back for a long trade here-Any weakness today from the Dow or SP might provide.
Always place a stop 1/4 point away from any trade buy or sell. If this rally faltered 53 might be
a good place for a sell ticket.  This should have a pull back with the market as this paltry rally
reflects a divergence that is already occurring from the long side. This rally is not over although  it should not even have happened if you look at most indicators- but the reflation play look like it needs to take a breath before continuing its run