Anyone who thinks crude oil — and by extension, bullion — is topping here should take a good look at the April contract’s weekly chart. There is no gainsaying the authority of the bullish impulse leg that I’ve highlighted (not that I had to; it’s clear enough), and the futures could pull back all the way into the $90s without diminishing its presumptive power one bit. Most immediately, traders should play to a 107.95 rally target (5-min, A=105.50 on March 5 at 5 a.m. EST); B=107.42, and C=106.03). The futures are struggling more than I might have expected, but camouflageurs can still look for trading opportunities on any ABCconsolidation above the 106.99 midpoint pivot. Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.