The 74.47 target given here earlier remains valid, but a lesser one at 72.15 looks too pretty not to mention (see chart). That’s a Hidden Pivot, and it can be shorted with a stop loss as tight as 27 cents. If the stop is hit, however, it would be strong evidence that the higher target is likely to be reached. ______ UPDATE (10:06 a.m. EDT): Shorts from 72.15 would have been profitable but stressful, since the futures this morning have been playing toe-sies with the target after having dropped initiallly from 72.17 to 71.44. The pullback should have triggered partial profit-taking on a multilot position, or a trailing stop if you shorted one contract. Crude is clearly struggling to get past the pivot, and my gut feeling is that it will succeed. If so, we’ll have another target to short, and profits to cushion the stop-loss, at 74.47.