Shortly before 3 a.m. EST, the futures had recouped about half of the shallow pullback that followed Tuesday’s sharp upthrust. They seemed a little timid, but in any event, a push today exceeding a 30.885 peak recorded on January 3 is needed to revitalize buyers for a challenge of a more important peak at 31.275. Once above it, the March contract would have clear sailing to 32.520, a Hidden Pivot that comes from the daily chart (where A=25.050 on November 16).