It’s difficult to say right now how much more mileage our oil taskmasters will be able to extract from OPEC’s alleged inability to agree on output quotas, but technical signs point most immediately to 104.31, a Hidden Pivot that is shown in the chart.  A move to that number would not alter a bearish target at 85.07 given here earlier, however, since the point ‘C’ of the downtrend yielding the target lies at 105.16 (hourly chart, May 10).