There are numerous bullish patterns at work in various time frames, so perhaps we should expect to see the rally fail near these levels (i.e., around $74). If crude confounds contrarians and breaks loose, however, there would be little to stop the September contract below 75.58, a Hidden Pivot. Once above that number the closest logical target would be 78.77. _______ UPDATE (10:50 a.m.): The futures are falling today, and so we might look for a tradable bounce near 71.26 in the DECEMBER contract. That’s a clear Hidden Pivot.