Inverse Head and Shoulders in oil - #oott

Oils technical analysis has created a perfect inverse head and shoulder set up with the neckline right at 115 mark. Its also important to note that this neckline was the price where we got the gap up back during the March 6 oil rally. With the current mark condition as is and nothing changing fundamentally, we believe that its only a matter of time before crude oil is back in the 125-130 zone. But before we get there, we will have many opportunities to capture short term trades along the way. Watch out for levels at 116, 118, and 122.