January crude is flirting with a major long-term Hidden Pivot support at 58.45, having gotten within 35 cents of it at Thursday’s lows. If the support gives way, we could see another $3 of downside over the next 8-12 days. Gold bulls should pay heed, since any corresponding weakness in precious metals could stop out a tracking position we hold with a cost basis that has been reduced to 1186 by partial-profit-taking.