Hal,
This is a bit of a "what if" trade right now. I see Oil beginning to turn over, but I think that Trades may be right. It just may pop to 102 or even 105 in a heartbeat. I'll be watching this closely with a tight trailing stop. His chart certainly shows a rising channel - so that's also worried me.
It just cleared the low of this am at 9:40 at 100.56 before the inventory drop. That's what I'm counting in. The next hour will be the clincher. I'll re-assess at the close.