Bullish impulse legs have gone nowhere, but we’ll have to wait and see whether bearish ones start reaching their ‘d’ targets on the hourly chart. That would happen today if the futures print down to 29.340, just 6.5 cents beneath Wednesday night’s so-far low.  It would take a bit worse than that, however — specifically a print at 29.320 — to refresh the bearish impulse on the hourly chart. ______ UPDATE (10:48 a.m. ET):  The futures fell to 29.155 overnight, and that is not a healthy sign for the near term, notwithstanding the gratuitous spasm that briefly took it 60 cents higher as the day session began.  Bulls would need to hit 29.995 today to re-energize the uptrend begun last Friday from 28.325.