Heating oil looks set to complete a head and shoulder top or a head and shoulder failure pattern. I am willing to go either long or short depending on which way it breaks. A break above 3.72 would be a buy signal for me. A break below 3.26 would be a sell signal. I have a strong desire to be short rather than long this market. I am considering a preemptive short. It appears to me that the energy markets are putting in intermediate tops. I might have to relearn the “opinions are expensive” lesson.
