if it was then 256 could come in short order
New to trading oil but took my profit today, will buy back if do not double top.
Sitting at the trend line, break below possible H&S setup. Hold and back to 9 as long as IO does not break down.
Small H&S could be taking shape over the next few weeks
we also could drop 50 points tomorrow
Still think we could see a 30 - 40 % drop over the next month, plan is to start buying if/when that wave goes red.