‘Dueling’ impulse legs on the hourly chart would seem to limit the immediate potential of tonight’s already timid rally. It projects to 30.255, with a ‘camo’ entry signal at 29.875 that has already been triggered. The midpoint resistance lies at 30.000, and it is a bullish sign, at least for the very near-term, that this Hidden Pivot has been exceeded so far by three cents. Any progress above 30.255 would bode well for the coming days.
