As the oil price was rising through the $81.00 level mentioned in yesterday’s tout, it was also breaking through the midpoint of an hourly pattern that had developed overnight.  But this came after a 25-cent bounce off of that exact midpoint, which gives us high confidence in the pattern.  Unlike the D target described yesterday, which hovers just below the 17-month high, this one, at 82.13, is truly hidden “in the middle of nowhere.”  (Note: Yesterday we understated the 17-month figure by two months.)