The futures look primed for a further drop to 72.19, a Hidden Pivot midpoint lifted from the daily chart (A=87.15). If and when the time comes, you can bottom-fish there with a stop-loss as tight as 71.05. Alternatively, it would take a thrust exceeding 79.76 to turn the hourly chart bullish and a 77.88 print to achieve this on the “15”. Neither benchmark is subtle enough for trading purposes, so I’ll suggest zooming down to the 5-minute, where 76.16 or better would create a bullish impulse leg. If there’s a b-c pullback thereafter from 76.18 or lower on the 1-minute chart, I’ll suggest that you take the money and run by using a camouflage ‘X’ entry. If this opportunity materializes, the key to capitalizing on it will be to act very quickly on the buy-stop. _______ UPDATE: The futures popped for a weak rally, but not in way that closely resembled the scenario sketched in the chart, so we did nothing.