Wednesday’s report on crude oil inventories plucked the oil price like a guitar string.  The chart quieted down after tracing an ABC pattern which might allow us to get long a market that has been grinding higher for several weeks.  Traders should bid 81.34, just above the midpoint pivot, and, on the theory that the oil market has gotten its ya-ya’s out for now, we will recommend a tighter stop than usual, at 81.23, for a hypothetical risk of $110 on the trade.  The sibling D target is not considered a buy, however, as it is just above an important prior low. (Posted by Doug McLagan) _______ UPDATE (10:29 a.m. EST):  The futures bottomed a penny beneath our bid, giving us a perfect entry price; then they shot up to 82.08, yielding a theoretical profit of as much as $740 on $110 of risk. They have been spasming wildly ever since, but by now you should be out with a nice profit in any case.