The jury’s still out on the 69.38 target we’ve been using as a minimum upside objective for this vehicle. Buyers’ best efforts took the futures to a new recovery high at 69.60 yesterday, just 22 cents above our target. That’s a tolerable margin of error for crude futures, as those of you who used a 26-cent stop-loss trying to short the last peak are bound to know. That said, the futures were head-butting the pivot in night action, threatening to bull their way up to as high as 74.47 on the next leg of the short-squeeze.