A pop above 39.565 is still needed to rejuvenate the intraday charts, but we’d settle for a mere 36.930 by tomorrow to start the ball rolling again for bulls That’s a tick above the look-to-the-left peak shown in the chart, but if the futures cannot muster the energy to get there, a 31.205 downside target broached here earlier — the Hidden Pivot midpoint of an even larger corrective pattern — will remain as a minimum bearish objective. More immediately, the July contract was looking a little tired Sunday night. But if the mood changes dramatically enough to push the futures above a midpoint resistance at 36.415, a ‘D’ target at 38.275 would be in play.
