On the hourly chart, January Crude has exceeded the lowest target I could have projected, 68.85 (A=82.58, October 21).  The overshoot was 26 cents, a nickel more than the 21 cent- leeway I usually give this exceptionally ornery vehicle at ‘D’ targets. What it implies is that Crude may be about to break down on the weekly chart, creating a bearish impulse leg by cracking prior lows from September 25 (66.10) and July 17 (63.05).