CLZ10 – December Crude Oil (Last:82.95)

December Crude (CLZ10) price chart with targetsThe futures have already tripped a buy signal at 82.34 for a ride to as high as 89.82, but confirmation would come via a decisive breach of the Hidden Pivot midpoint resistance at 84.83.  Because this is three ticks above a visually obvious peak recorded on  October 14, I wouldn’t advise buying the breakout, since too many others will be trying to do the same thing.  However, a less risky way to attempt getting on board would entail looking for camouflage just before the futures reach 84.83.  The three- or five-minute chart is where you should focus your attention, since that’s where the easiest and most “exclusive” opportunity is likely to arise.