Some wag in the chat room mentioned my $22 target in crude the other day, and I’d have to concede at this point that the futures are taking a devious route getting there. In any event, the 57.78 rally target broached here a while back remains valid as a minimum upside projection for the near term, and you could short that Hidden Pivot with a tight stop-loss. In this vehicle, targets that come from “nice” patterns on the hourly chart usually require about a 20-cent margin of error.
