A newly active pattern on crude oil’s daily chart adds to the resistance just above its recent high but projects to 91.93 if that resistance can be overcome.  The new midpoint pivot is at 88.15, not far below the “D” target of 88.71 from a larger daily pattern described in the April 5 tout.  Traders attempting to short any of these levels should choose their own entry points and should use stops at least ten cents above each pivot.  A print above 88.80 would clear the resistance zone and give high odds that the 91.93 target will be reached.  (Posted by Doug McLagan)  _______ UPDATE (01:30 p.m. EST):  The futures dropped through the “C” point shown in the chart, cancelling the 88.15 and 91.93 targets.  The 88.71 target remains in effect.