A timely heads-up: July Crude lies within a blip of a Hidden Pivot rally target at 64.27 that is just 45 cents above yesterday’s recovery high. The target has been more than three months in coming, so it could mark an important top. Traders can short this one with a stop-loss as tight as 21 cents. That’s the minimum needed in this vehicle when initiating positions at Hidden Pivot swing points. _______ UPDATE (2:45 p.m.): The futures blew past the target and should now be presumed bound for at least 68.05, a Hidden Pivot associated with a lesser “extension pattern” that is running its course.
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