Opening a Bear Spread On Heating Oil

The Heating Oil (F20 - K20) calendar spread is currently sitting near the top of the channel formed by the 5-yr and 15-yr historical patterns. Based on historical data, this trade has hypothetically profited in 14 of the last 15 years. The average profit to draw-down ratio is very strong at 266% while the average best profit is over 9 times the average worst profit. On Thursday, I will be selling the Heating Oil (F20 - K20) spread at a limit of $0.360.