The recovery high made last week at 54.49 exceeded by a single penny the highest target I could have projected using the hourly  chart (see inset). Now, in order to project the even higher numbers that seem likely over the near term, we need to extend the lesser ABC pattern visible at the right edge of the chart.  This yields a new target at 57.78, a Hidden Pivot with a sibling midpoint at 55.07. As always, an easy move past the first number would imply the second is likely to be reached.