CLZ11 – December Crude (Last:82.39)

December Crude (CLZ11) price chart with targetsYeah, I know you depend on me to not play hunches, but I can’t shake the gut feeling that this rally is just a dead-cat bounce.  In any case, to reckon the odds in the coldly mechanical way that is our forte, we should remain skeptical unless the crime syndicate that is behind this squeeze can push the December contract, without taking a breather, above the 88.24 peak labeled in the chart.  This is shown hypothetically in the chart.