If crude is going to bounce, or perhaps even turn around, the most logical place for this to occur would be at the 58.45 midpoint Hidden Pivot shown. I first broached this number when the futures were trading above $80. This chart is a composite that blends many contract months, so the ABC coordinates are not going to be precisely correct. However, they are close enough to give us a potentially tradable bottom that has nailed the low within perhaps 15 to 20 cents. More immediately, however, the prospect of a $9 fall to the target is reason to favor the short side on any short-term bets. We ‘know’ that the 58.45 midpoint pivot is an important number because it is all but inconceivable that its ‘sibling’ at $2.06 will ever be reached.  That is not to say that the futures cannot go lower after bouncing from 58.45. But we’ll be better able to judge the chances of this once we’ve seen how the initial rally from 58.45 (or possibly from above that number, which would be more bullish) plays out.