A downside target at 85.98 is equivalent to the one at 85.07 given here earlier for the July contract.  Whether you plan on shorting the next leg down, or getting long at the projected low, I’d suggest using the 15-minute chart of less for camouflage. Bottom-fishing will be the easier and less risky of the two trades, since shorting such a mature downtrend is always tricky. However, since the bull play would require a stop-loss of at least 21 cents, camouflage is suggested for leveraging the low.  If and when 85.98 is approached within 40 cents, you should start looking for the abc upturn on the lesser charts. Most immediately, the futures look bound for a Hidden Pivot at 87.00 if they take out its sibling midpoint at 89.96. ____ UPDATE: The futures have reversed from a so-far low at 90.17.  The target remains valid in theory, but we’ll move on nonetheless.