Yesterday’s low fell 13 cents shy of the bottom I’d predicted at 83.72, so we were denied an opportunity to get long at the day’s best prices. Generally speaking, Hidden Pivot targets for this vehicle require about 21 cents’ leeway. That’s a bit rich for my taste and one reason that we don’t trade crude very often. That said, any target that I might offer in crude can be traded via camouflage using a much tighter stop than 21 cents.
