Read ’em and weep, OPEC! The accompanying chart suggests that huge cutbacks in output will do nothing to prop up the price of crude. By my runes, the January contract is headed down to at least 34.57 per barrel, subject to a possible head-fake up to 42.31, the Hidden Pivot midpoint associated with the target. Scalpers can try to leverage the bounce by bottom-fishing at 38.01, stop 37.79. That’s the ‘D’ target of the pattern shown, but it’s too close to a whole number to be treated like a gift from above.