CLJ11 – April Crude (Last:104.93)

April Crude (CLJ11) price chart with targetsPenetration of the 104.03 midpoint shown implies that the futures are likely to head lower, to a Hidden Pivot support at 102.27, before the uptrend resumes. Because the pattern is so un-obvious, you can try bottom-fishing with a stop-loss as tight as four ticks. _____  UPDATEBy creating a new point ‘C’, yesterday’s pointlessness raised out target to 102.40.  It too would be negated by a print above 105.92.