A month ago in “this post” suggested to Harvest/Short Oil at $81 per barrel.  Currently have a small gain in the position, as Crude closed this past Friday a little above $74. 

Keep the stop at $77.  As one can see, Crude has been in a trading range with (2) as SUPPORT.  With a rather large “head and shoulders” pattern at hand, if (2) breaks, Crude could fall a long way.  Will leave it up to the experts what would cause this and what the macro message would be, should this decline take place.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past