Breakout Buy In July WTI Crude Oil

Going into the final trading day of May, there is an interesting price point in view for CME July WTI futures:

Spike High, $116.43

Here's the trade:

1) Buy CME July WTI crude oil @ $116.51
2) Initial stop loss @ $116.39
3) Profit target @ $116.63
4) 1:1 risk vs reward