February 12th, 2012
Published Daily

August Crude (Last: 61.87)

by Rick Ackerman on July 16, 2009 12:01 am GMT

The last two thrusts have been impulsive on the hourly chart, implying the rally is likely to continue. If so, we can use a Hidden Pivot at 62.98 as our minimum upside objective.  Its associative midpoint is 62.13, and so a decisive breach of that number would be telegraphing a likely continuation to at least 62.98.



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