CLJ10 – April Crude (Last:81.89)

The futures have eaten through a midpoint resistance at 80.90, suggesting buyers have appetite enough for more upside to as high as 84.74.  Because this vehicle requires stop-losses of at least 21 cents for anyone trying to enter at Hidden Pivot swing points, I don’t feature it much as a trading vehicle.  However, with nearly $3 more of upside immediately in prospect,  “camouflaged” opportunities to get long should abound, especially on retracements to midpoints that the rally has turned from resistance into support (i.e., 80.90, for one).