As usual I must emphasize that I deal in possibilities, not probabilities and certainly not certainties. Chart patterns develop and sometimes work out -- more often than not they morph or even completely fail. Nevertheless, chart construction can offer the opportunity for asymmetrical reward to risk trade set ups and that is the most a trader can expect. A case can be made that the next $5 to $7 move in Crude Oil will be to the downside. The weekly continuation graph has traced out a near textbook 15-month inverted H&S bottom dating back to Jul 2015. The neckline on this pattern ranges from 51.50 to 52.50 depending upon the roll date used to create the continuation graph (most active, first notice, last trading date). The graph shown below rolls at last trading date. A decisive closing price completion of this H&S pattern would set up targets of 62.58 (May 2015 high) and 76.40 (measured move of H&S). Read More