We’ve been using a HiddenPivot at 112^09 as a minimum downside objective, but I’m going to lower it to 111^21, a Hidden Pivot that comes from the hourly chart (where A=123^10, on May 21). The midpoint sibling of that target, 115^15, was breached by a full point on Friday, increasing the likelihood that the target itself will be reached, although a two-day close above 115^15 would hint of a reversal. We’ll switch over to the September contract tomorrow, but for your information, the equivalent targets lie respectively at 114^01.5 and 110^07.5.
