Oil look for This delightful Tuesday morning
|1 hour CL|
Notice the yellow dotted line, then notice the H&S forming across the yellow dotted line around 2/25. Notice the break of the dotted yellow line on the 27th. Since this break CL has traded rather heavy, minus Saudi pipeline spike which still failed to move the price back over the yellow dotted line. Below 105 there is quite a bit of air, perhaps down to 102.50.