I’d sketched out crude’s next tumble hypothetically yesterday, but I’d imagined that it would require one more rally to pretty up the head-and-shoulders pattern that his dominated this vehicle since it crested in late June. Instead, the futures collapsed in mere hours to the anticipated support level. From a Hidden Pivot perspective, the bounce from the 95.28 target shown was so precise that we should expect more downside exactly to the next, 93.46, if it is breached. Traders should use this forecast, which I would rate as high-odds, to suit their needs and styles.
