On Monday oil reversed one tick above a midpoint pivot and then impulsed down.  The new downward pattern gives both bulls and bears something to work with.  Bulls can view the midpoint at 81.14 as a possible buying level.  Bears, emboldened by the Monday reversal, can see the D target of the new pattern at 80.36 as a minimum downside objective. (Posted by Doug McLagan) ______  UPDATE (12:07 a.m. EST): I usually suggest allowing at least 21 cents’ leeway when trading  this vehicle at Hidden Pivot swing points. That would have been just right this morning, since Crude has bounced nicely after making a low at 80.16. If you got aboard, you should take profits now on a multi-lot position or implement a trailing stop on a single contract, since the fiutures have bouncd as high as 81.00.