Most signs point lower, but the value of any bearish Hidden Pivot targets I could provide is overshadowed by some visually compelling supports associated with prior lows. The most obvious of them lies at 60.30, recorded in late May, so we’ll use that as our minimum downside target for the near term. Any lower and the futures would likely find themselves groping their way down to 57.57 in search of traction. That price is equal to an important low recorded in mid-May. (RA)
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