I seldom give a second thought to head-and-shoulders patterns, since they are everywhere one seeks them.  The one shown is so well-formed, however, that it’s worth pondering. Putting the pattern aside and looking at the chart intuitively, there is obviously a lot of weight sitting on bulls from distribution that took a month to carve the ominous picture shown. With the average price of a gallon of regular gas threatening to push above $4, we should cross our fingers and hope the pattern works its magic, sending crude down to the low $70s and denying refiners a windfall blowoff to $5/gal.